This is already factored into the price. Apple has released a phone the 3rd week of September for years. This is a case of macro vs. micro impacts.
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Apple Shares Drop Below $100 Amid Wider Stock Market Downturn [Updated]
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This is already factored into the price. Apple has released a phone the 3rd week of September for years. This is a case of macro vs. micro impacts.
Michael Moore says he buys no stocks, and does not participate in the stock market at all.
"I don't buy things I don't understand" —Michael Moore
He is a worthless piece of cr*p.
Even long term, it's a bad idea buying now. There are huge short term risks that could make AAPL fall much further. At least give it a few months.
Also, "people who buy in an attempt to get money quickly are the real fools"
It's working for me
I've made a lot of money today after predicting the situation in China a week ago.
I wouldn't say food shortage,
But a access to foodstuffs. There is already a situation where a very large portion of American's do not make a living wage and are reliant on food stamp programs in order to just eat. (not a record high, but still high http://frac.org/reports-and-resources/snapfood-stamp-monthly-participation-data/ - 45million in May 2015, 13% of the US population)
If this is more than just a temporary correction, Wallstreet investors are going to want to insulate themselves from potential financial loss, which usually winds up with more penny pinching, or even further increased prices.
(this however, is the big IF, this could just very well be a short term correction, which really wouldn't have impact).
But this is the risk you have when your main factors of economy are controlled by few people and the markets.
I doubt that. In 8 years? The entire smartphone market would've changed, Apple can't continue selling hundreds of millions of new iPhones every year without the market getting saturated. Even the iPhone will slow and there really isn't any other huge sectors like the smartphone industry that Apple can make serious money in (Watches aren't and cars isn't very profitable)
Seriously though, don't buy now, you'll thank me later.
The currency wars, which are happening following US malicious economic policies, will mainly benefit Apple, since they export from China, now 4% lower cost, and sell to mainly countries with strong currencies, US, EU, JP.
Yep, that's what people said in 2009 too, before the stock market tripled. The key thing to look at is EARNINGS. The big sell right now is predicated on earnings taking a huge hit from what is going on in China - which to recap, was China devaluing their currency by 2%. This is a typical correction, which has never been a bad time to buy. Granted, I don't know how far down things will go. With the first downturn, I bought a lot when it was down 10%, more when it was down 20%, even more when it was down 30% and 40%. Didn't have any more cash to invest once it was down 50%. But, even those buys that were well before the bottom have turned out to be enormously profitable. I plan on making out handsomely from this downturn as well. Buying now, will buy more if it goes even lower. AAPL at today's price is paying a dividend of 2% and has a P:E under 12. That just screams buy, even if you assume sales slow down dramatically in China, which Tim Cook has said is not happening. You can also bet your bottom dollar that AAPL's board is using this as an opportunity to buy back shares. My only dilemma is whether to buy more AAPL or just buy the whole market, since AAPL's huge gains have made it an outsize part of my portfolio.
It pays to be greedy when others are fearful, and fearful when others are greedy....
Two thoughts:
This is what happens when the markets are driven by speculators and not investors. Most of the stock getting dumped in the West, like AAPL, is solid with good fundamentals. This is a spooked wildebeest herd mentality.
The China bubble is what happens when they allow stock purchases on margin. Only a complete fool would buy with borrowed money but according to the BBC in China it was the norm. The result was that a lot of the small investors a: had no training in stock and finance but were managing their stocks themselves and b: were buying in with borrowed money. Leveraging of up to 100% was not uncommon. The other more mature stock markets have restricted leveraging, (personally I think it should be banned). China is learning this lessen the hard way and will end up putting in controls on it as well.
Personally my investments are in mutual funds with managers that I trust, and money I can afford to lose. I don't mess with them. I don't borrow to fund them.
This is what happens when the markets are driven by speculators and not investors. Most of the stock getting dumped in the West, like AAPL, is solid with good fundamentals. This is a spooked wildebeest herd mentality.
The China bubble is what happens when they allow stock purchases on margin. Only a complete fool would buy with borrowed money but according to the BBC in China it was the norm. The result was that a lot of the small investors a: had no training in stock and finance but were managing their stocks themselves and b: were buying in with borrowed money. Leveraging of up to 100% was not uncommon. The other more mature stock markets have restricted leveraging, (personally I think it should be banned). China is learning this lessen the hard way and will end up putting in controls on it as well.
Personally my investments are in mutual funds with managers that I trust, and money I can afford to lose. I don't mess with them. I don't borrow to fund them.
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It will go up forever, until it doesn't. Now it will go down forever, until it doesn't. Oh, and it's not a bubble, until it is determined that it was a bubble. Such is the short-term, knee-jerk reactionary mentality that dominates the fear-mongered main-stream.
That's a great concept, except that no one - no one - knows when the bottom is until well after it's occurred. The smart money buys on the way down, and sells on the way up. During any of the previous recessions or depressions, if you bought on the way down, you always made out in the long term. Of course, you have to be patient, and patience is in very short supply these days.
If two months ago I said;
1- the Dow would open 1000 points lower.
2 - Apple would drop 11% on open.
3 - The Shanghai composite index would plummet 8.5%
4 - the fed were going to start up QE4
5 - the rate hike was off the table completely
6 - Chinese economic figures were terrible (even the 'official’ ones.)
7 - global markets were making record drops, wiping billions off every market.
..you would have said I was high.
Stocks can (and do) drop by large amounts given the right conditions.
I am amazed that some people think this is a buying opportunity.
Best of luck to you, but you are braver men/women than me.
Michael Moore is a great American, and an insightful journalist and documentary filmmaker. I can't imagine why any American would dislike Michael Moore, he shines a bright spotlight on social problems in America.
Not that simple, the anal stock brokers, have their little girl panties in a wad over China and it's manipulating of their stock market , which only affects THEM, not the world, just overreaction/overcorrection to a problem that does NOT exist to the rest of the world.
Investors thinking stock crash in China will affect a large share of Apple's customers. Meanwhile, the Chinese are funneling their wealth into gold iPhone 6 Pluses because stocks and real estate are now worthless. Hence the comeback of Apple's stock.
Typical AAPL volume is about 3-5m shares per 30 min. This morning it was 10-30m. Someone was buying big to catch the falling knife of the mutual funds which had forced selling from redemptions. Tim, you sly fox.
It had a hard floor at 92.
It had a hard floor at 92.
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