Kirk's Market Thoughts Message Board

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Non-Tech : Kirk's Market Thoughts

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Kirk ©

To: Kirk © who wrote (3258)	7/22/2015 11:34:07 AM
From: robert b furman	1 Recommendation Read Replies (1) of 26676

Hi Kirk, It always blew my mind that the entire dot.com top occurred as the number of new up stocks vs declines deteriorated. Proved to me that rotation of sectors takes a long time. So do bottoms. I'm sure aapl was one of those stocks doing the heavy lifting. Here they are down 5-6% on record earnings and market share gains in the largest market globally. The powers are in complete control here. I remember when the dot com imploded - Csco wrote off 50 billion and said orders had fallen off a cliff. Aapl selling tens of millions of iphones is far from a stuffed supply channel. This market can correct, but it has a long way to go IMHO Bob

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