The lines are long. The anticipation high. The flags are raised. Foreign dignitaries have arrived. Government officials are planning speeches. The fireworks show is ready. The band is playing. The angels are blowing their trumpets and singing hallelujahs. The strippers are on stage dropping their tops.
It's iPhone Day. And Apple (AAPL) is up only 2.5% as they unleash the greatest invention on mankind since the lap dance.
- So lets short the crap out of RIMM and NOK. Ah, just kidding. I think. No positions as of now. But I "may" be thinking about it...
- DK notes in Thanks iMuckdog that there may be a face we all know, but don't know, in line waiting for an iPhone. It's not true! But if it were, I'd be unloading them on EBAY and holding out for version 2.0 in 2008.
- On CNBC this morning, somebody said something about some phone regarding the lack of broadband speed, "They'll get that worked out in the next phone release." Hear that, line hoppers? Hope you have another $600 ready in a few months down the road. Apple is good at that, and folks do come back and buy the next version. Remember the SNL skit where they were poking fun at the frequency of the release of the iPods? About every 3 seconds on the skit, they said "Wait, here's a new version."
- Which could be great news for AAPL. Money flying out of consumers pockets for new phones! Of course, if folks are frequently spending that much on new cell phones, it could have ramifications to the strip club industry. Traffic to the VIP rooms could slow down, as consumers cut down on discretionary spending to buy new iPhones. We can conclude that iPhones have a disinflationary effect on the economy. Money that would be spent at Best Buy, Home Depot, Starbucks, and strip clubs will now be spent chasing the latest iPhone release instead. Thus, the iPhone is really acting like a tax hike on consumers. And Larry Kudlow, what does THAT do to the Laffer Curve?
- Eh, stretching a bit but having fun with it. It's friday, ya know.
- There are other things going on today. It's the end of the quarter. It's the end of the month. It's the start of 401(k) buy orders. We're on the front end of a week with a holiday smack-dab in the middle of it. So there will be folks front ending and back ending the holiday with a couple of days off.
- The FDA has recalled Veggie Booty snacks. Hehehehe, "Booty." OK, Salmonella isn't funny, Muck.
- "With the first pick in the NBA draft, the Portland Trailblazers select Greg Oden, from Ohio State." Is it just me, or does Oden look to be about 45 years old?
- Working from the home office today!