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  • Has Apple Gone As Low As It Can Go? [View article]
    The question is: will Apple stock price survive the Republican Recession?

    I matters little what price a stock OUGHT to be, only at what price you can find buyers. As the we sink deeper into the recession (whether this is a 1 year recession of a 10 year recession) people take money out of the market. If Mutual Fund XXF has 1 M shares of Apple, and their subscribers pull 40% of their money out of the fund, and/or XXF decides to decrease its exposure to stocks by 50%, then they will be sellers, not buyers.

    A retreating tide lowers all ships. Apple will (we all hope) float a little higher than the rest, but it will not be immune to the overall effect.

    (disclosure: still long - but not as much)
    Sep 22 12:21 pm |Rating: 0 0
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