Rich, it'll bounce back a little for the overall market this morning
judging from pre-market situation. I think probably we will gain
back some losing territory from yesterday's. It seems that another volatile
day's ahead of us.
I admit that the overall market, even foreign markets, will affect
good stocks, but we have been in this kind of situation since last
year. US has been taking a lead in this situation and will continue.
In the current economic condition in US, we've got low unemployment
rate, booming housing market, low inflation/interest rates, progressively
improved GDP, leading technologies in varies fields, significant
volume in 401k from baby boomers, etc. Under this macro-economic
conditions, the stocks were not over-valued, particularly for AAPL.
Cheers,
Phil |
