Apple's Stock Price Experiencing Major Fluctuations Amid COVID-19 Coronavirus Outbreak

[Constable Odo]

Poor Apple, their stock suffering from this Coronavirus outbreak!
Oh, and all the people that died, too.

Yeah, well the dead don't feel the pain of losing lots of money. That's one good thing about a dirt nap, no more worries.
/s

Fortunately, the mortality rate of CoViD-19 is relatively low, so that's a positive thing. I'm sure a lot more people are losing money from this market decline than those losing their lives from CoViD-19.

 

[cmaier]

Yeah, well the dead don't feel the pain of losing lots of money. That's one good thing about a dirt nap, no more worries.
/s

Fortunately, the mortality rate of CoViD-19 is relatively low, so that's a positive thing. I'm sure a lot more people are losing money from this market decline than those losing their lives from CoViD-19.

“relatively low?” Compared to what?

Based on current numbers it’s higher than smallpox, the Spanish flu, hepatitis A, the flu, and malaria.

List of human disease case fatality rates - Wikipedia

en.wikipedia.org

 

[Constable Odo]

This thing has been so overblown it’s beyond belief. Many many more people die from the regular flu every year. And all flus always kill the elderly first just like the OMG COVID19.

It's not actually about dying or the virus. It's about well-off people losing money. If you think back to the 2004 Southeast Asia earthquake/tsunami where about 227,000 lives were instantly snuffed out, the market wasn't affected as badly as now when there are far fewer people being infected and killed. Those people who got killed in 2004 were mostly poor people, so almost no one cared about them. Now, it's all about wealthy people losing their precious money and gosh forbid, that's a fate worth than death.

So, yes, this whole virus thing is totally overblown, but it's the loss of money that's really hurting the big money people. I'm not worried about catching the virus or losing my money so, it's not that big of a deal to me. We all die at some time for different reasons and there isn't much point in panicking. I live in NYC and I'm a relatively healthy 70+ senior citizen, but I'm honestly not pacing the floor in fear of some virus. Apple might have a bad quarter, but so what? I'm Apple long 2004 and have made huge gains, so I have no reason to worry about the stock is going back down to 2004 levels.
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You have to give credit to Warren Buffett and Tim Cook for trying to pump up AAPL with doctored news of switching from flip phone to iPhone, best business, COVID-19 under control, etc. while the whole market is reversing.

What do you expect them to say? The whole world is doomed and we should just give up on living? There's nothing wrong with a positive spin to at least try to put a little order into this stupid virus/market chaos. I'm not going to walk around with a sign saying, "The end is near and everyone is doomed." Almost no one would believe me, anyway. I would rather say that times are tough, but will get better. Try to project a positive attitude and lessen the panic. Apple has far too many fearmongers and worry-wart stockholders. They need to be shaken out and tossed aside. This market will go back up when the fear subsides. I give it a month and the CoViD-19 virus will be a minor memory for the big money market players.

 

[Abazigal]

You have to give credit to Warren Buffett and Tim Cook for trying to pump up AAPL with doctored news of switching from flip phone to iPhone, best business, COVID-19 under control, etc. while the whole market is reversing.

I don’t think there is any doubt that these are all short-term stock fluctuations. Apple’s fundamentals remain sound, the covid-19 virus will eventually blow over, and Apple (as well as the other companies) will be back in full swing before we know it.

 

[appahappa]

All stocks dropped. This has nothing to do with the virus. We have a bubble stock market that was fuelled by free money for many years. It's inevitable that markets have to correct themselves. Everything can trigger that. The stupid thin is that now the media (and politics) blame everything on the virus so that the actual underlying problems will not be solved.

 

[cmaier]

All stocks dropped. This has nothing to do with the virus. We have a bubble stock market that was fuelled by free money for many years. It's inevitable that markets have to correct themselves. Everything can trigger that. The stupid thin is that now the media (and politics) blame everything on the virus so that the actual underlying problems will not be solved.

That would be because the reason the stock market “corrected” is actually because of uncertainty in supply and demand cause by disruptions resulting from the virus, and not from any other imagined reason you are trying to invoke.

 

[Marekul]

Interesting. So according to you people who are gambling on the huge stock drops this week are doing well but people who bought an Apple share for $27 in February, 2010, saw a stock split of 7-1 in 2014, and can today sell their shares at more than $250 (total value $1750 minimum) are having indigestion. That is a very interesting perspective. Well, I for one wish I had more indigestion.

I don’t think it really counts for them until you sold....

 

[ipponrg]

All stocks dropped. This has nothing to do with the virus. We have a bubble stock market that was fuelled by free money for many years. It's inevitable that markets have to correct themselves. Everything can trigger that. The stupid thin is that now the media (and politics) blame everything on the virus so that the actual underlying problems will not be solved.

That is not true. Some biotech stocks went up. Take a look at NVAX as an example.

Whether it’s stupid or not that stocks went down from media/politics, a lot of people are eager to take advantage of this situation.

 

[mi7chy]

I don’t think there is any doubt that these are all short-term stock fluctuations.

The pandemic spread is in its infancy and a vaccine won't be tested and approved for at least a year so it'll get worse far longer. Possibility of world wide recession for rest of 2020, markets continue to sell off and AAPL hitting 100s. Even N95 mask makers like 3M and leading COVID-19 treatment researchers like Gilead are down.

 

[krfr]

It’s shaken most of the stock market.

 

[doctor-don]

It really is frowned upon to blame a laboratory made BioWarwarfare on stocks and share price drops.

How did this conspiracy notion begin?

This is happening to every stock. Honestly, I'd rather we care more about the people that are sick and dying than the stock market that'll probably be back to normal in a few weeks-months.

Back to normal? After losing a lot of the value of the accounts?

This thing has been so overblown it’s beyond belief. Many many more people die from the regular flu every year. And all flus always kill the elderly first just like the OMG COVID19.

Many children have died from flu, mainly due to ⅓ of the population believing they know better than the health experts.
Overblown? Is it just a normal cold virus?

People are being so dramatic over this virus.

Donald tRump says it will be over by April.

CDC advises the same precautions as for flu - wash hands often, keep hands away from face (eyes, nose and mouth), stay away from crowds, cough and sneeze into one's own elbow. Additionally, I would recommend monitoring one's own temperature as well as that of anyone else in the home.

 

[SemperMac]

COVID-19 is no joke (but right know I'm not panicking even though apparently the market is) ... I know making money of someone else misfortune (illness) is typically not good karma, but again the market is overreacting here IMHO ... anyway ,the price per Apple share would have to go lower than 260 USD that before I buy more of the stock .... the last "dive" gave me opportunity to buy for 141 USD/share .... not sure though we will see share go that low again, or!?!?

 

[Baymowe335]

And that's why you don't get too caught up in short term price trends.