Where have all these Wall Street apologists been hiding for the past 5 or 6 years? The notion that "if they are doing very well for themselves then your pension must be doing very well too" is totally disconnected from the real world.
Anybody remember anything about mortgage backed securities or "the Great Recession" of 2008? How about the dot.com debacle of 2000? Can anybody say Arthur Andersen or MCI/WorldCom? How about the great Savings and Loans debacle of the 90's, back during President Bush Senior's term? Wanna go further back in history to the 1930's?
Wall Street feeds off your 401k and Pension money and uses that accumulated wealth to manipulate markets for their own personal power and financial gain. There is absolutely no evidence that big money managers are in any way shape or form interested in the welfare of their investors. They make BIG money wether or not investors or markets benefit or not.
In regards to Apple's analysis, it is exceedingly clear to this observer that there is great interest from Wall Street in distorting Apple's financial record, performance, and outlook. Wall Street has generally been predicting Apple's doom ever since I can remember. I have never since them so consistently downgrade or discuss another company of Apple's size in such dire terms for so many years in a row. What makes their behavior even more egregious is how it completely fles in the face the facts, which have proven most analysts' dire predictions and forecasts to be total fabrications.
To paraphrase someone, there is a "vast Wall Street conspiracy" and --unless you are completely biased yourself-- it is very, very, very obvious.