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Apple Shares Drop Below $100 Amid Wider Stock Market Downturn [Updated]
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While I agree with you on spotify I think music is an area that apple plans to dominate and their platform will only get better, to the point of extinguishing spotify (like spotify has almost completely done to pandora)
How do you know that China is growing at that rate when everyone in the West says that China is cooking its national books to show more growth than in actually happening?
But that said, I would tend to agree with you, slow growth is not a recession and I bet China is actually still growing. I have no idea at what rate, but I think it is at least growing.
And what disaster would this be? People are suddenly gong to stop buying iPhones?
One thing I tell people at the beginning of engineering meetings is this (and this is for those that were predicting the $30 AAPL Price):
"You can change your mind after you say something. You're not held to that position, and have to stick with it."
I've had great success with that attitude. It builds trust, and encourages people to think outside the box.
Yeah, I remember the late 90's. I worked for a company whose stock would trade at 40 +/- 2 during the day and return back to its opening price. If it was up at 10am, I would buy it, then sell at 1 ish, and make $2/share (nice 5% gain), and then buy again right before close. If it was down, I would sell at 1 ish, and buy it back before the close.
Good times!
It could be. Not many people may upgrade since they already have their big screen fix.
I own stock in CURE. That stock was at 33 cents when I bought it and is at 25 dollars now. I bought Apple at 89 dollars before the split. If you know what you are doing then mutual funds are actually not that good a bet. I own a number of them to balance risk though.
I'm sure the shareholders will be thrilled about that idea /s
Glad that Cook cannot make such a stupid decision without being canned.
And on average, people doing what you do realize far lower returns than long-term investors. Not only are such strategies resulting in lower returns, those returns are taxed at a much higher rate.
Algorithms are right some of the time, which gives the illusion of predictability. But it's far more unpredictable than anyone can determine. As said previously, I've "caught the falling knife" repeatedly (buying before hitting bottom) and have made out handsomely from doing so because my time frames are decades, not months. You can say stocks will go up by a lot, or say they will go down by a lot, and be correct each time. What you CAN'T say with consistency is WHEN they will go up or down.
No one knows what will happen to the markets and it's always a gamble putting your money on something most don't have enough inside information on to trade effectively. However now is a good time to buy as apple still has another year of huge 6s upgrades to go and buying when the whole market is down is very very advantageous. Lots of people took their money out but they're gonna invest it back in again somewhere, they're too greedy to just pull out totally. If anything apple is likely to use some of it's huge stock pile of cash to buy back stock when it's low!
Very slightly. The credit standards and doc requirements are still very high, and the down payment requirements have been slightly relaxed. The commercial loan requirements are so tight small banks are suffering and consolidating, the exact opposite of too big to fail. Banks are getting bigger to withstand not only the harsh standards the Fed imposes but also the massive new regulations issued under Dodd-Frank.
Typical of government, they cause a problem, (very publicly announced) fine the regulated to deflect attention, and close the barn door after the horse has left (very publicly announced regulations) to look good to their constituents, few if any of them are involved in the system.
It is literally a shakedown.
Rocketman
Check my sig link.
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The "source" is open your eyes and look around you.
Do corporations not get special tax breaks that no one else gets?
And doesn't the govt GIVE them these breaks?
Who helps AT&T/Comcast and others maintain their monopolies on internet access? Isn't it the govt -with laws that block competition? Most Americans (70%) have no choices for DSL/internet access. In my area, I can choose AT&T or AT&T.
How many different companies can you get your electricity from? If it's only one that would make it a monopoly. Who allows monopolies to exist? The govt.
Who let WS write their own rules - which led to the crash in 2008? Wasn't that the govt? (putting corporate profits before protecting the public from unbridled greed) And who paid for that bailout mess? Taxpayers. Is that a new version of "capitalism?"
Not all companies startup with an IPO. IN fact, most small family businesses don't ever have stockholders.
There is nothing wrong with having a stock market. But it's much more than just buying shares in a company. There's all sorts of gambling going on that has nothing to do with funding companies. Ever heard of short sales/options/buying on margin/bundling mortgage securities/insider trading? the list goes on - and it's all flat-out gambling without regard for consequences.
Apple is just one company among many that answers to stockholders and that is not necessarily a bad thing. But don't think for a minute that Apple isn't using US laws (like the rest) to take advantage of the system to boost profits. The sad part is that most WS gambling on stocks and other investment schemes are legal. They won't create wealth for average, working class people, but it's the system we have, as flawed as it is.
If you're a new investor, or any investor for that matter go with the robinhood app. Started by a couple Stanford guys with good venture capital backup. No commission trades so it's really good for new or small cap investors. Commissions won't eat into your gains or add to your losses. Can't do derivatives trading, but for standard buy a stock/sell a stock... Great app and concept.