From a macro view, Apple is down because too many of us are too poor to keep buying every new iteration they develop. When the world economy shifts positive for consumers so will AAPL. Hold till then!
Ashraf: You said: "If you want to make money investing, you have to search for underappreciated and misunderstood opportunities with a clear, if difficult, path to a greater share price." You just described AAPL! Under appreciated and misunderstood opportunities! I'm long Apple. It will recover someday.
Felix Salmon hopes gold "will continue to fall, that goldbugs will look increasingly silly, and that as a result Americans with savings will conclude that the best thing to do with those savings is to put them to work in a productive manner" - out of fear-based assets like gold, Treasurys and cash and into greed-based assets like stocks and bank loans so more money flows through the economy. [View news story]
SEC is a quasi-regulatory body that can be bought by the 0.05% on the cheap! As a journalistic advocate, note how they failed with Madoff and the banksters! Their laughable except for the tears shed by the average guy on the street who's just figuring out where to safely park their money with some sort of expected safe-haven or premium when possible.
After continuing to slide sharply early in overnight trade, gold is bouncing, +1.8% to $1,388/oz. (it touched $1,322 at its low point). Silver +0.6% to $23.50 after dropping as low as $22.01. GLD +2.5%, SLV +3.4% premarket. [View news story]
Gold doesn't have many friends left, but Julian Jessop, head of commodities research at Capital Economics, still sees "plenty of upside" with gold possibly hitting $2,000/oz. Worries about the Fed curbing its bond-buying efforts earlier than expected as well as Cyprus being the first eurozone country forced to sell its gold reserves are both overblown, he says. [View news story]
According to a panel of international journalists, about 1/3 of the world's money goes unreported (i.e. shadow banks, offshore deals) to authorities for tax purposes; thus, the huge State-style budget deficits worldwide. This is the crying-criminal shame 's killing the Middle Class in the U.S. and elsewhere: particularly in countries, like Italy, where tax evasion is plentiful. This is the real shame when honest people try doing what's right and others fail to pay their share!
With gold prices struggling to shine as a safe haven, Goldman Sachs cuts its gold price forecasts for the second time in two months. Goldman's gold team now sees an average price of $1,545/oz. in 2013 vs. its earlier forecast of $1,610, with prices falling to $1,350 in 2014 from $1,490 expected previously. The move comes a day after Deutsche Bank poured cold water on its own outlook for gold. [View news story]
Anyone know if Goldman has a stash of Gold? Are they part of the cartel that's taking the COMEX gold inventories to lowest level ever? I smell a rat on the ship! As a journalist, it seems one must follow the gold. If Goldman has a new stash of it, they're placing themselves in a position of survival when the Titanic goes down. Would like to know others opinions on this...
Comex Gold Inventories Collapse By Largest Amount Ever On Record [View article]
Churn, your comments are appreciated and chilling. Sadly, we probably have degenerated to the acorn level from many perspectives. Wishing you the best...
Apple (AAPL) appears to have further kowtowed to Chinese sensibilities by removing an app from its online store in China that provides access to books by author Wang Lixiong, whose works are mostly banned in the country. Apple would only say that the app included "content that is illegal in China." The move comes days after CEO Tim Cook apologized for Apple's treatment of Chinese consumers following sustained media criticism. [View news story]
Yes, hopefully, the deal will finally happen? Or are the Chinese so envious of Apple that they intend to outsmart them and steal their sacred device technologies? It would not be a surprise--Apple needs to be extremely on high alert--an awful way to conduct business.
Gold may have had its "last hurrah," says SocGen, expecting $1,375/oz. by the end of the year thanks to an improving U.S. economy bringing with it a stronger dollar and higher interest rates. SocGen also notes the turn in professional sentiment as evidenced by heavy ETF redemptions. GLD -0.9% premarket. [View news story]
Indeed, the fools maybe piling into stocks but they will be very sorry and wringing their hands by the end of May or later this fall as the rosy bloom fades into dust. We do NOT have a growing economy. We do NOT have a growing economy. But we DO have a lot of idiots who may think we have growth--just more smoke and mirrors.
Gold may have had its "last hurrah," says SocGen, expecting $1,375/oz. by the end of the year thanks to an improving U.S. economy bringing with it a stronger dollar and higher interest rates. SocGen also notes the turn in professional sentiment as evidenced by heavy ETF redemptions. GLD -0.9% premarket. [View news story]
More on the Goldman downgrade of Apple (AAPL): Believing an imminent dividend hike/share repurchase could set a floor under the stock price, Goldman is less optimistic about the "timing and impact" of the next product cycle - needed if the stock is going to be an outperformer over the coming year. "The stock's upside potential should be more limited than we previously anticipated." Shares +0.25% premarket. [View news story]
This is how John Paulson got rich--remember, he bet on MBS defaults and reaped in millions. Now GMS is pushing a sell on Apple so they can reap benefits as well, indeed, smell the coffee! These guys control the planet and they are the real losers in life but not from a financial position. So the key is to 'hold' Apple till the cows come home, spread this news, and reap the same rewards as GMS. Otherwise, they stay in control--they're Super Jerks! Good thing Apple has lots of cash--too bad they cannot file a suit against GMS for deceptive securities practices? Someone may know more than I on this legal matter. Anyone have ideas on how to out-play GMS?
A state-owned Chinese media outlet has once more taken a shot at Apple (AAPL +0.4%). A little over a week after an investigative special on CCTV criticized Apple's Chinese customer service, The People's Daily has run a front-page column attacking Apple for denying interview requests and providing an "empty and self-praising" response to the CCTV show. Chinese media observers see the coverage as an effort to promote local phone vendors, some of whom are already doing quite well, at Apple's expense. [View news story]
Fascinating factoid: Why can't they summon such workers in Singapore? Too expensive?
With Cyprus beginning to make its way off the front pages, gold heads lower, sliding $11.25/oz. to $1,595. GLD -0.8%, SLV -0.3% premarket. [View news story]
As someone with a journalistic background, I'm certain one needs to retain gold in a portfolio. Remember, beyond Cyprus, anything can and will happen: Maybe a war, finally, in the Middle East again with, perhaps, Iran or Syria. Then, remember, our Congress is still dysfunctional and may NOT be able to appropriately address the Debt Ceiling by May 19 that may lead to another downgrade to the US credit rating--as we sink further into delusionary, irresponsible behavior.
Apple: Up 10% From The Bottom And Going Higher [View article]
As a marketing advocate, Apple will rise again to great heights: metrics show this. It's just a matter of patience albeit too many Americans want instant gratification and that's what gets us in trouble with markets and our personal lives. I suggest people chill-out. Apple will ripen beyond anyone's expectations.
Apple's Dirty Little Secret [View article]
Apple's Dirty Little Secret [View article]
Felix Salmon hopes gold "will continue to fall, that goldbugs will look increasingly silly, and that as a result Americans with savings will conclude that the best thing to do with those savings is to put them to work in a productive manner" - out of fear-based assets like gold, Treasurys and cash and into greed-based assets like stocks and bank loans so more money flows through the economy. [View news story]
After continuing to slide sharply early in overnight trade, gold is bouncing, +1.8% to $1,388/oz. (it touched $1,322 at its low point). Silver +0.6% to $23.50 after dropping as low as $22.01. GLD +2.5%, SLV +3.4% premarket. [View news story]
Gold doesn't have many friends left, but Julian Jessop, head of commodities research at Capital Economics, still sees "plenty of upside" with gold possibly hitting $2,000/oz. Worries about the Fed curbing its bond-buying efforts earlier than expected as well as Cyprus being the first eurozone country forced to sell its gold reserves are both overblown, he says. [View news story]
With gold prices struggling to shine as a safe haven, Goldman Sachs cuts its gold price forecasts for the second time in two months. Goldman's gold team now sees an average price of $1,545/oz. in 2013 vs. its earlier forecast of $1,610, with prices falling to $1,350 in 2014 from $1,490 expected previously. The move comes a day after Deutsche Bank poured cold water on its own outlook for gold. [View news story]
Comex Gold Inventories Collapse By Largest Amount Ever On Record [View article]
Apple (AAPL) appears to have further kowtowed to Chinese sensibilities by removing an app from its online store in China that provides access to books by author Wang Lixiong, whose works are mostly banned in the country. Apple would only say that the app included "content that is illegal in China." The move comes days after CEO Tim Cook apologized for Apple's treatment of Chinese consumers following sustained media criticism. [View news story]
Gold may have had its "last hurrah," says SocGen, expecting $1,375/oz. by the end of the year thanks to an improving U.S. economy bringing with it a stronger dollar and higher interest rates. SocGen also notes the turn in professional sentiment as evidenced by heavy ETF redemptions. GLD -0.9% premarket. [View news story]
Gold may have had its "last hurrah," says SocGen, expecting $1,375/oz. by the end of the year thanks to an improving U.S. economy bringing with it a stronger dollar and higher interest rates. SocGen also notes the turn in professional sentiment as evidenced by heavy ETF redemptions. GLD -0.9% premarket. [View news story]
More on the Goldman downgrade of Apple (AAPL): Believing an imminent dividend hike/share repurchase could set a floor under the stock price, Goldman is less optimistic about the "timing and impact" of the next product cycle - needed if the stock is going to be an outperformer over the coming year. "The stock's upside potential should be more limited than we previously anticipated." Shares +0.25% premarket. [View news story]
A state-owned Chinese media outlet has once more taken a shot at Apple (AAPL +0.4%). A little over a week after an investigative special on CCTV criticized Apple's Chinese customer service, The People's Daily has run a front-page column attacking Apple for denying interview requests and providing an "empty and self-praising" response to the CCTV show. Chinese media observers see the coverage as an effort to promote local phone vendors, some of whom are already doing quite well, at Apple's expense. [View news story]
With Cyprus beginning to make its way off the front pages, gold heads lower, sliding $11.25/oz. to $1,595. GLD -0.8%, SLV -0.3% premarket. [View news story]
Apple: Up 10% From The Bottom And Going Higher [View article]
Apple - Hold On Tight And Don't Play Wall Street's Game [View article]