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Apple Shares Drop Below $100 Amid Wider Stock Market Downturn [Updated]
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No one gets pension funds for free. It is paid out of taxes. Unless you live on welfare, which Moore certainly doesn't.
I've been telling people this a lot lately. If you bought an S&P 500 index fund in August 2013, you'd be up almost 20% now even with the current downturn. Almost nothing gives that kind of return.
This is what can happen when one country makes just about everything - and has put all its eggs in one basket.
I would love to buy products that are NOT "made in China" but it's hard to find them. So if the Chinese economy takes a dive we all go with it. Considering they are choking to death in the pollution that corporations love -because clean environment=lower profits, it still isn't a sound plan - hence the panic on WS.
That's an easy one. As soon as the feds step in and say "we need price controls" to prevent food prices from rising, there will be shortages. Look at what happened following the wage and price controls of the Nixon administration.
All of the pension, insurance and other benefits that are running US companies into the ground came about when Truman froze wages following WWII. Companies couldn't offer higher pay to attract top talent, so they came up with benefit packages. When the wage controls were lifted, were they going to take those things away from the already-hired talent? Nope.
See, the government has been causing distortion with their interventions for decades. We have no idea what things should really cost, in any market, because the feds step in with regulations and/or liquidity, distorting the market and its natural feedback mechanisms. The housing market was fattened by easy credit. The auto market is affected by this as well. The stock market boom following the housing bubble is from major banks taking their QE money and splashing it over stocks, instead of holding it or lending it out.
One other poster mentioned that the US has become uneducated regarding its own financial system. I say it goes deeper than that, and that they are actually completely oblivious to the effects of government. I would start them reading Bastiat (Broken Window Fallacy).
I am no stock market expert, but I'll just say that they come in waves of 8 year marks. 2000 had the dot com bubble burst. 2008 had the US economy downturn due to the housing crash, bank failures and auto industry failures. Now we have 2016... China bringing us down...
For Apple, down economy is good for the Manufacturing side and bad for the sales side. It's the sales side Wall street is worried about.
In 3 months, people will be kicking themselves for not buying Apple when it was down this low. Just wishing I could have gotten in with more when it was below 100. But still got a good deal.
Cook should have provided his secret watch sales numbers. That would send the stock to all time highs 
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Hopefully things will turn around so he can afford a nose hair trimmer.poor Carl Icahn and his $$$
AND another person here that is showing that they don't keep up with the stock market news whatsoever.
What's a stock market? Is that kinda like a farmer's market? I did buy a chunk of the Apple stock a few minutes after the stocks market opened for business. And then sold the stocks a few minutes ago. I'm not very good with the maths and percentages and stuff, but was wondering if I made a bug mistake? How did you do this morning? I'm here to learn...
Timmy
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
Of course. Everyone always calls it 'the market losing money' but that money went to someone it didn't disappear.
Seems Mr. Cook may have been a bit too eager to get the "word" to the shill known as Jim Cramer. The SEC has disclosure rules people like Cook are advised to follow religiously. Take a look at Cook's compensation plan and you might see why he acted so recklessly.
Why is it much worse than thought? What specific information justifies that statement? And what specifically was previously thought?
Also, nobody really thinks the Fed is now going to raise rates in September. Probability is trading at around ~28%. And they will certainly not proceed with any sort of aggressive plan throughout next year.
China is a correction, to be sure, but off of a 60% high earlier in June. There's nothing fundamentally wrong with the Chinese economy -- growth has been gradually slowing for several years.
It looks like what we experienced today was a "pin down" see attached image of the 5 minute bars. This presages a drop of more significant volume and duration later down below the $92 we saw at the lows.
Use limit orders and place standing orders at 96, 2x at 92, 4x at 88, 8x at 84. Obviously the later trades triggering leverage is good news not bad, because we are in a secular bull market.
Here is a longer term chart which is interesting in light of recent action. On a daily basis we are experiencing a "death cross" with the 50 day moving average crossing the 200 day moving average. The price action today actually dropped below the Jan 6 and 16 double bottom. That's when I gave a strong buy signal on this list. This looks like a strong sell signal on a "technical" basis. Obviously the fundamentals in AAPL are just fine, but that does not stop desperate investors from selling to raise cash. The double top happened at about $134, all figures post-split. The double bottom at the time was about $490 pre-split.
Set agressive (low) limit orders to accumulate AAPL for the coming rip to $135+ to fill the gap from about July 20.
Rocketman
Use limit orders and place standing orders at 96, 2x at 92, 4x at 88, 8x at 84. Obviously the later trades triggering leverage is good news not bad, because we are in a secular bull market.
Here is a longer term chart which is interesting in light of recent action. On a daily basis we are experiencing a "death cross" with the 50 day moving average crossing the 200 day moving average. The price action today actually dropped below the Jan 6 and 16 double bottom. That's when I gave a strong buy signal on this list. This looks like a strong sell signal on a "technical" basis. Obviously the fundamentals in AAPL are just fine, but that does not stop desperate investors from selling to raise cash. The double top happened at about $134, all figures post-split. The double bottom at the time was about $490 pre-split.
Set agressive (low) limit orders to accumulate AAPL for the coming rip to $135+ to fill the gap from about July 20.
Rocketman
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I guess you haven't looked at bond yields or the price of oil, copper, coal, etc. The U.S. economy is in recession, they just haven't announced it officially. We're in for a worldwide deflationary reset. Apple will survive, but a lot of companies in the hallowed Silly-Con Valley will disappear.
Couldn't care less about what happens to Apple, more worried about the global impact currently, China went up and now it's coming down..
Lets hope we don't have another recession eh? In fact the world's economy has been on some very sensitive tipping scales since the last big global recession.
Lets hope we don't have another recession eh? In fact the world's economy has been on some very sensitive tipping scales since the last big global recession.
Haha part of your post sounds like sarcasm. Just in case it's not I'm sure you've noticed that Apple's stocks went up moments ago. Doesn't mean you made a mistake. I'm pretty sure that has to do with some investors buying because the price tanked. With the Fed rate hike pre-announcement I'm not sure AAPL or other stocks won't dive again soon. I'm holding off for a bit.