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agip
RE: Down goes the Dow

Ghost of Igloi wrote:


agip wrote:

SBUX up 9% after hours - that one is probably more important to the stock market than Apple.


Not sure how you figure that when AAPL is 4.37% of the index and over owned by just about every ETF and fund manager while SBUX is only 0.34% of the index.


apples to oranges.
my point is that SBUX might be a better measure of how corporate America is doing than Apple. Sbux has to deal with finding labor, currency, real estate, consumer confidence/spending, labor costs, etc.

Apple is just this mega thing with its own, often unique problems. If I wanted to take the temperature of corporate America, I might look at SBUX instead of Apple. Seems more representative and wide-sweeping.

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