There isn’t much to say here either than I said on Friday we would have a week long holiday lower volume each day rally. That came and passed like clockwork. I had no clue the gains would be so huge in such a short amount of time but in this market you get used to anything and everything.

About the only thing that never changes the past few months has been the news. The news has been downright extremely negative and the negativity has reached a point that it is effecting me and might be having a negative impact in my trading.

I am not used to being a professional investor with a paid website. I am not used to having others be in my trades and see the same thing I see. Now many of you can see exactly what I see and I wonder if that is dangerous or

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Electronics retailer Best Buy (NYSE:BBY) slashed its full-year outlook today, saying it was “the most difficult climate we’ve ever seen.” But Paul Moore says Best Buy isn’t likely to head the same way as mismanaged Circuit City (NYSE:CC). In fact, BBY should even get a lift from the bankruptcy of its main rival just before the holiday season.

This from Smart Profits Report:

Here in the U.S., the mess continues unabated. The government had to reshape its bailout for AIG, including forking over an extra $40 billion. But despite the floundering company’s fourth consecutive negative quarterly report, the markets reacted positively to the story.

That didn’t help avert the crisis other areas, as Detroit’s automakers repeated their increasingly desperate pleas for some financial

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HIDDEN VALUE

Dear Friend,

Poor old AIG.

Turns out the government handout it got in September was a bit harsh. But things are looking up. Uncle Sam has now agreed to give it another $40 billion in taxpayers’ money and reduce the rate of interest it has to pay on the loans.

“I think the new package is a quantum improvement over the old one,” said AIG chief Edward Liddy of the new deal.

No doubt, Mr. Liddy is ecstatic.

Mr. Market also had reason to be pleased. News that China had approved a $586 billion economic ‘stimulus’ package sent stocks soaring in the first minutes of trading today.

Never mind that Circuit City has gone belly up…or that Deutsche Bank has declared shares in GM worthless.

Of course, GM is hopeful that it, too, can get its hands on some of taxpayers’ hard-earned cash.

—Special—

The Ingenious “Mammoth Hunting

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Friedman Billings Ramsey (FBR) is out with a very negative call on Apple's (NASDAQ:AAPL) iPhone demand:Our most recent checks suggest to us Apple's iPhone production forecast is now under pressure. While our previous checks indicated that iPhone production would fall about 10% sequentially in calendar 4Q, our new checks indicate that iPhone production could fall more than 40% sequentially in 4Q. We believe asimilar amount of production was removed from the calendar 1Q build forecast, though there is still plenty of time to modify that forecast should further revisions be necessary ( - firm sees this neg for BRCM, MRVL, LLTC).Notablecalls: Note that at the beginning of Oct Apple said iPhone builds remained healthy. Looks like iPhone demand has deteriorated over the past weeks. This is going to hurt AAPL.

Friedman Billings Ramsey (FBR) is out with a very negative call on Apple's (NASDAQ:AAPL) iPhone demand:Our most recent checks suggest to us Apple's iPhone production forecast is now under pressure. While our previous checks indicated that iPhone production would fall about 10% sequentially in calendar 4Q, our new checks indicate that iPhone production could fall more than 40% sequentially in 4Q. We believe asimilar amount of production was removed from the calendar 1Q build forecast, though there is still plenty of time to modify that forecast should further revisions be necessary ( - firm sees this neg for BRCM, MRVL, LLTC).Notablecalls: Note that at the beginning of Oct Apple said iPhone builds remained healthy. Looks like iPhone demand has deteriorated over the past weeks. This is going to hurt AAPL.

Here’s the thing about forex trading: there’s always a least one or two major currencies going up at all times. This means there is always a currency safe haven out there. Sean  Hyman says currency ETFs and CDs (Certificates of Deposits) are two easy ways to play the currency market.

This from The Sovereign Society:

The currency market is bigger than all of the world’s stock markets combined. This market gushes with $4 trillion worth of currencies EACH DAY, 24 hours a day.In times of turmoil, there’s always a safe haven in currencies. The trick is finding it. These opportunities normally don’t pop up on investors’ radar screens because most investors have no idea how to even get a quote or a chart for a currency.

In fact, in these tough times the Japanese yen has been soaring like a rocket and so has the Swiss franc. Savvy hedge fund managers

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JP Morgan is upgrading Apple (NASDAQ:AAPL) to Overweight from Neutral. Apple’s model is far more diverse than previous vintages, and they think the staying power has been underappreciated. With its market share momentum likely intact, Apple in firm's view offers strong relative downside protection to the looming earnings reset that they expect to impact IT Hardware companies in coming weeks and again early next year.- Diverse model provides staying power. There has been considerable investor concern lately over the Apple model losing steam, particularly if the consumer vertical rolls over. JPM estimates that the company’s total model exposure is about 70-75% consumer, but they think that Apple’s brand and market share momentum offer meaningful buffers to potential macro-driven pressures on the consumer.- Retail expansion could sustain share gains and international momentum. JPM thinks a major force behind Apple’s growth story will be its diversifying revenue ...

viastockadvisors

“The shares of Apple saw their steepest decline in eight years,” says Nikhil Hutheesing, editor of the industry-leading Forbes Wireless Stock Watch.

http://trackthepros.com/stocks/category/1465

“As Wall Street worried about tightening credit and a decline in consumer spending, analysts from Morgan Stanley and RBC Capital Markets downgraded Apple’s shares.

“While the panic sent the stock down, it’s reassuring to note that most analysts didn’t cut their buy ratings but instead maintained them.

“The reason: Apple stands to gain from the success of its iPhone as it sells the device to nontraditional markets such as corporate customers and college students.

“I stopped by an Apple store on West 14th Street in Manhattan to check out the crowd level post bailout fallout.I’m pleased to let you know that there were lots of people milling around and purchasing Apple products.

“Despite the market crash, I think that Apple’s computer business will continue to generate double-digit growth.And even if

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BMO Capital is out cautious on Apple (NASDAQ:AAPL) having recently visited or spoken with sales reps at 32 Apple and 30 AT&T stores in various parts of the US and the UK. Apple is not escaping the gravity of weakening consumer spending, in firm's view.Negative – for the first time in years, store reps are indicating sales have slowed, in CPUs in particular. While the data was not universal, about onethird of sales reps they spoke with noticed some slowing, which is a significant change from past checks. Conversations with AT&T sales reps indicated no recent change in iPhone run rates, but the firm has elected to cut their FY2009 iPhone forecast nonetheless.In recent visits to 32 stores across the country, 11 indicated that sales had slowed in the past 30 days, while 20 indicated that sales had stayed about the same, and one indicated that ...

Goldman Sachs is out defending Apple (NASDAQ:AAPL) noting broader Broader concerns about softer consumer demand will continue to cause Apple shares to be volatile in the near term. However, the recent sell off creates an opportunity as they think Apple will outperform the group through the end of the year, driven by iPhone unit upside and a strong product pipeline. Firm thinks yesterday’s -18% decline (underperforming S&P 500 by -910 bps) more than captures the concerns over Mac growth in a weakening spending environment, making Apple shares attractive at current levels. In the intermediate-term, they think Apple shares could move back to the $145 level, applying a 1x PEG multiple on calendar 2009 earnings estimate recognizing iPhone as current period revenue.ImplicationsIn the near term checks suggest that Apple will meet GSCO's 2.7M unit Mac estimate and probably show some upside to iPhone unit forecast of 4.26M. ...