Does anyone not have an IPad. Who buys an Ipad 5 when they have an Ipad 4??? Nobody. The smartphone market is also saturated. Which means Y/Y comps going forward will start going negative!!!!
What the Fed is doing is WORKING at the cost of total debt look at the scary US debt chart and you might vomit. The growth is real unfortunately so are the cost. Are they getting back more than a trillion dollars in growth per year?? The answer is NO. They are forced in a corner where they realize the debt is unsustainable at current spending levels and need to dial back the borrowing.
It's real in the sense the Fed is spurring demand and job creation. The cost of this growth is 1 Trilllion dollars per year in stimulus and borrowing by the Fed. In essence total debt owed by all Americans are at an all time high as government debt = citizen debt. Which economy wouldn't show positive signs when your pumping a trillion dollars a year into it. Remove the stimulus which they are trying to do now and SPLAT goes the economy. Look at the purchases; it's not real strength. When the economy was real strong car companies were selling cars by the boat load and a good financing deal was 1.9% for 2 years. Right now everyone is telling us how the car companies are stronger than ever when they are giving the care away....0 down, 0 percent interest rate for 96 months. HELLO? So when you well a car that person isn't going to buy another car for 8 years!!!!! THat's not strength that's just pulling future demand to the present!!!
This is why stocks have been rallying. Unlimited printing of money, ultra-easy money rules, record low interest rates........spurring demand and asset inflation. Only problem is that the US has to borrow a trillion dollars a year for an infinite period of time to mask the true economy; what is the point of all this if it's all fake?
The rewarding system is shaped like a pramid as you sign up more underlings under you. Does this sound like a pyramid scheme to you?
Take the dough and run. After reporting a 4 billion dollar loss this is a dead cat bounce that lets the longs escape their long positions and nothing more!!! Another redesign?? Are you joking BBRY?? You guys are going to redesign a low end phone where Samsumg has now cornered the market with your substandard software and apps?