Have you heard??

Don't know if you heard, but Apple (AAPL) announced the latest upgrade to it's iPhone today to overwhelming disappointment (at least according to the blogosphere). I mean people are pissed! Just search "Apple" on twitter! It looks like they'll maybe sell 10-11 iPhone 4S's if the comments are to be believed. If you don't believe in Apple (AAPL) you are more than justified. I mean how can one company keep winning, time after time, after time? They can't right? Everyone falls eventually. So I'll tell you what I'll do. If any of you have Apple (AAPL) stock you don't want, The Free Market Capitalist is taking donations, just send your stock certificates to the adress on. Look, all kidding aside, was it a disappointment? Yes, it was. But you can bet it will be the best selling disappointment of all time. Subsequently, after the announce, the stock was hammered 5% and dragged the whole market with it. After rallying back from the morning lows, the S&P 500 was just turning positive when Apple (AAPL) announced the iPhone 4S. In a matter of minutes, the whole market had reversed with Apple (AAPL) leading the way. Then call it "cooler heads prevailing" or some rumor out of Europe about bank solvency, but we turned around and turned around hard. The Dow ended up 153, the NASDAQ up 69, the S&P 500 up 25, and look at what we have here, Apple (AAPL) closed down a mere .56%! That's a bloody rally!

This is not a recommendation to buy or sell any securities. DAK was long AAPL at time of publication but positions can change at anytime.