Holy Apple!

• Posted by Adam Warner
• on July 15th, 2010

OK, I do find Bloomberg 1000x better than CNBC, but maybe not so much today. They broke the cosmic news earlier that An Apple Engineer Told Jobs About the Apple Antenna!

Oh. My. Gawd.

Actually that’s not what’s annoying, it’s that they keep telling me about the selloff in Apple, as if their breaking news has battered the shares

As I type it’s down 1.42%. SPY is down .82%. I imagine that’s hardly exceptional (in fact it sounds low). The Russell is down 1.52%, so Apple really not doing so bad.

The volatility is not even extraordinary, particularly given that they have this meeting tomorrow in which they will announce ……well who knows, probably that there’s hardly a groundswell of consumer complaints about dropped calls, so “get off my lawn”.

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