Buy Apple Stock

Apple reports record earnings yesterday and the stock falls today. W.D. Crotty of the Motley Fool wonders Why? and answers: "In a word, iPod. The company may be called Apple Computer, but perhaps it should be called Apple Computer and iPod, given that while computer sales were $1.5 billion, iPod revenues weren't far behind at a cool billion. . . . But the same market newness that's opened the door for the iPod's growth has invited competition into Apple's arena — an arena with fickle tastes, to boot." Do the iPods have you smirking now, Steve?

Confession: I am one of the most business-naive people you will ever meet; however, I don't think Crotty's assessment is on target. I do think Jobs is still smirking above his iPod minions, because he knows that today's drop was a total fluke.

Buy Apple stock up as quickly as you can, because I have a feeling* that Apple's going to return to their market-defying climb uphill shortly and quickly.

*Don't blame me if this hunch doesn't pay off.  I am a superstitious and poor man who tends to doze off when people start talking stocks and bonds.