End of the month Hedge fund redemptions are due. Hedge funds who are receiving request must raise capital! Expect a flush of best-of-bread. This too will end once the trauma is finally behinds us from last Friday and Monday's record decline. -Stealth
Yes! This morning, WF servers would not populate either. Infinite spin.. My other (Schwab) accounts were fine.
Of course this was at the open and to my frustration I could not get AAPL in the low 90's.
WF confirmed when I called / Very #$%$ / this evening that they had "some issues in the morning" !!
No not weeks - months my friend. China sneezed and the world caught the cold. Amazing how things have changed globally in the last decade.
Looking forward now. Watch for the great buys...hope you saved that dry powder!
So funny how 10 to 1 of the responses to my post were WRONG. Correction is here. APPL is at 105. Facts. Please, let's talk facts, ok? I'm sick and tired of these limp explanations about how good Apple is and why we should- Pleeeze... we are in a correction! Watch Cramer's segment tonight on Mad Money. This is the closest thing to reality you will hear explaining the market.
Do you want to talk facts or hope?
For the record; AAPL is now officially down 20%.
AMZN. NFLX, GOOG are far from their 200.
Show some respect for the AAPL (blood) losses.
Exactly. Sorry, but the watch is not going to do it. As soon as it came out- my gut said #$%$?
No. Apple needs a huge new driver. (car or internet TV ) but they better get going.
Sadly they wasted precious resources and time on a stupid frivolous watch!
This is a defining moment for the future of the company. I'm pretty confident that they are not #$%$ it away.
Internally, within the company- I'm sure there is dissension now regarding product priority.
The watch will be known as Tim's folly.
What are you talking about? They were climbing all over one another the day before 3rd qrt earnings with these pronouncements. And since then we are down almost 20% ! Indeed, when we do bottom they will certainly weigh in. However, the price points will now be 125-145 at the high. So long $200. Not in several years if ever.
ditzil-good for consumers- cheap oil, yes. Big oil bet huge on the oil shale, tar sands model. Large companies have committing $1.1 trillion over the next decade to projects that require prices above $95 p/b to break even. The Canadian tar sands project has a break even point at $80-$100. We will see a fall- out in the bond market. We are at an interesting point in the 6 year bull market. We are either going to correct ( I'm really not a doomsdayer ! ) or we pause and continue upward. I'm just saying The Wealth factor has been effected when the S&P is now negative for the year.
The roughly $155 billion spending spree left the industry holding high interest notes with the assumption that oil would always be a 80-100 dollars a barrel. To quote Rick Perry; 'Oops'. Fast forward to today, Market close of 41.32. Oops! Guess who's going to default on the 155M ? Hmmm... and like you said, we got China and Greece ( Greece?...really not a big deal but they have trained us to believe it is) and impact from the California drought. Fed rate increase..oh boy. The Perfect Storm?
Haha. The contrarian indicator of the 5 thumbs down proves my point clearly...we are going down. "You can't handle the truth!" - A Few Good Men
I said that @ the 20% crash point in 2012. Where were you in the game then? Dod you lose 47% of your net worth? I didn't think so.I'm talking real dollars here. 134 down to 112 is considerable. I;m about risk adverse not some assumption. We will see who's right when this all plays out. BTWm the points you made are correct, my point is they don't matter when the market crashes. Been through it all since 1990. Take my advise with a non bias view. You could be absolutely correct with your assumptions. However, you could be very wrong too. One thing I have learned...things don't go according to plan. After a -358 down day on the DOW, knifing through 17000- i wouldn't be so confident. And before you scream "Short" it must stop you. I'm long on AAPL since the beginning. I just like to protect my profits and assets when the market is indicating a major downtrend. Scream 'RISK AVERSE' if you will.