Hey Frogs...about time FED grew a brain. They need to be very very slow and cautious with rate hikes. When they raised 11 times in a row back in 2004 era they essentially lit the fuse for the financial crisis of 2008. Super low rates led to the advent of real estate speculation and poorly underwritten loans. Once everyone was all in with speculations (and the greedy bankers had packaged up the good with the bad) the FED whacked up the rates. All those variable loans got real expensive, really fast, then Hurricane Katrina doubled energy costs and inflated food costs...so with all that money being sucked out of wallets, it was only a matter of time before the defaults started. When the defaults hit the whole thing collapsed like a house of cards since there was no regulatory (on the CMOs and CDOs) or underwriting foundation (on the mortgages themselves) to support the avalanche (all accelerated by falling home prices as supply massively outstripped demand). Anyway...what's good for NBIX is good for me :) Stay Well sir. AKUG
I got three thumbs down on my post. After the attacks this morning in Brussels can Apples position on unlocking terror phones be justified? How many more tragic events need to take place before common sense prevails? Horrible tragic events and Tim Cook and his team of lawyers are still sadly on the wrong side of this.
Not really sure this is a big win for Apple. Feds cancellation of hearing is more likely about FBI finding a way to break encryption and/or not wanting to reveal their methods in court. I am all for protecting privacy...and oppose big brother tactics...but protecting the cell phone of terrorists is simply wrong on the part of Apple. Had those psychos killed 22 Apple employees would Tim Cook be protecting the phone? I think not.
Dow recovered nicely from 2/11 bottom for over a month now, but too FAST. Due IMO to retest the 200 day avg and AAPL to participate in that slide back. No real positive catalysts that I can see and a little selling pressure will go a long way here.