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  • i_read_best i_read_best Jan 24, 2013 8:57 AM Flag

    Bloomberg: U.S. Stock Futures Drop as Apple Posts Slowing Sales

    U.S. Stock Futures Drop as Apple Posts Slowing Sales

    By Inyoung Hwang & Corinne Gretler - Jan 24, 2013 7:36 AM CT.


    U.S. equity futures fell, signaling the Standard & Poor’s 500 Index will retreat from a five-year high, after Apple Inc. (AAPL) reported the slowest profit growth since 2003 and weakest sales increase in 14 quarters.

    “Investors seem to be more focused on the fact that there should be a correction soon rather than on corporate earnings,” said John Plassard, vice president at Mirabaud Securities LLP, in Geneva, which oversees about 25 billion Swiss francs ($26.9 billion).

    “Apple’s disappointing results don’t help."



    My my my.

    “Investors seem to be more focused on the fact that there should be a correction soon",

    says the Swiss banker overseeing $26.9 Billion of OPM.

    Maybe today is Correction Day?



 
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