*Buy* APPL
"It's an intrinsically unstable system fed by myopic, short-term-focused investors ...There's going to be a recession! Sell!" bullshit that's creating an economic disaster because a few financial companies are going to write down a small percentage of profits for a year or two."
No there is not going to be a recession, US Fed will create another $64bn by 'magic', they will buy every man woman and child in the USA a free iPod Touch.
The happiness at receiving a 'free' iPod Touch will boost Apple's profits. While they're checking their APPL stocks on the iPod's Wifi browser, the Fed will slip another $343Bn of extra funny money into the economy to cover Citigroups liabilities.
Then they'll slip another $343Bn into the economy to buy every American man woman and child a new MacBook Air. Now they can see their APPL stocks in big screen graphs, making them even happier. So the Fed will create another trillion $ in money from thin air and cover the rest of the subprime liability.
\rant.
Anyway, people with APPL stock at least you have a part of a company with products that foreign people want to buy with hard currencies.