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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (39629)	10/31/2012 10:33:13 AM
From: Keith Feral	Read Replies (1) \| Respond to of 218924

I'm not inclined to make any judgements about the market except for the fact there is still a buy signal on the bond market. Hurricane Sandy was an unequivocal negative for Q4 economic growth. It basically removed 3 or 4 days worth of productivity from the Eastern seaboard, which will be slowly coming back to full potential in a week or two. Nothing good about the hurricane whatsoever. Apple continues to get whacked everyday which will keep the NASDAQ from making much of a near term recovery. Margins peaked last quarter, so earnings growth will have a more difficult time keeping pace with revenue growth. Looking at the 1 year charts, the markets should behave just as nasty as they did last November. Potentially worse since stocks like Apple and Google are 50% higher than they were a year ago compared to 20% growth. If Apple was trading in line with growth, it's worth something closer to $500 than $600 right now. That puts a respectable 2.1% yield back on Apple.