think about it aapl didn`t put the rush on that i-phone b/c their growth is so stellar---they seem pretty desperate to give their competitors that much "advance notice" when they won`t even ship the damn thing til JUNE--by that time iraq will be in a full blown sunni/shiite middle east war---and the entire market will have sold off by then--and the koreans will have 3 products very similar for half that price---i-pod sales are slowing---and their current pe doesn`t justify this stock price right here--major sell-off when they miss, and even bigger one when goog/yahoo both miss next week---i mean you can ignore bad news up to a point....but mot, sap, intc, amd, centex, all the sub-prime troubles, interest rates rising, slowing growth, people just buying out of the money calls, like the intc 22.50`s b/c stocks can`t possibly go down, these are irrational times, and standard deviations and the bell curve exist for a reason throughout history, b/c markets being out of balance always correct. You cannot honestly think that equities look cheap right here, don`t tell me you look out at the stocks that you follow, and say to yourself, "gee....that looks like a bargin!" All the stocks I follow are way over-priced right now!!!