I see Apple stock is trading at a paltry 330 bucks a share. Gosh if only I had a spare 33,000 dollars- I could buy 100 shares. What a deal.
Am looking at some homes in the Vegas/Bullhead City area that are pretty damn nice. They are running anywhere from about 300 to 500 shares worth of Apple stock. Some have pools.
What a conundrum. What should I do? Should I buy Apple stock and hope that they invent some more Ishit? Or should I buy a house? It's nice that a few companies are making big bucks, unfortunately, Steve Jobs and the board at Apple aren't particularly generous. They kind of have a horde cash and screw investors mentality- thankfully every hedge fund and bank in the free world are gobbling up Apple shares.
I won't be one of the suckers buying in at 330. Perhaps if Brian Sack at the NY FED gave me some of that thin air POMO money, 8 billion yesterday, I could get in too. Until then, I am probably going to stick with the house buying theme. Maybe instead of a promise of riches, I'll settle for an early morning swim.