I don't know how long you have been an investor in the markets, however, can you ever remember a time when our economy experienced a decline in the stock, bond, and credit markets occurring at the same time? Now, extend this situation to the global markets.
What a mess. IMO, go to cash, invest in insured laddered CD's and take the financial losses that will be caused by the spread in CD rates vs. inflation.
As far as Apple is concerned, I think the stock has a long way to fall. It's no longer a matter of Jobs health, sales of ipods, iPhones, nor Macs. It's a matter of consumer spending and unemployment. This problem will hit Apple's financial statements just as it will hit all of"tech lands" financial statements.
From a technical analysis point of view, the next support level is in the area of $90. If this level is broken, down we go. (Of course, TA is like black magic, so take it for what's it worth.)
Stock Bull |
