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Politics : Formerly About Apple, Inc. Unmoderated -- Ignore unavailable to you. Want to Upgrade?

To: Zen Dollar Round who wrote (9645)	11/5/2019 11:26:57 AM
From: Doren	Read Replies (2) \| Respond to of 11191

Was watching Nightly Business Report... Top 20% in income buy 60% of Xmas gifts. That bodes well for Apple but not the rest of the economy. Increasingly its this part of the economy that makes it look like wages are going up. They are not for most people but if you average in the great growth in the wages of the upper tier it looks good. Companies like Ferrari are doing very well. How long this trend can last is anyone's guess.

To: Zen Dollar Round who wrote (9645)	11/5/2019 2:53:58 PM
From: handyman	2 Recommendations Recommended By clochard Zen Dollar Round Read Replies (3) \| Respond to of 11191

I have no doubt that Apple will correct when the market corrects or even worse reacts to a recession or even the prospect of one. Then there are geo political and political risks. In that vein I once had 7000 aapl shares and now have 2800 having sold 200 in the past week. On the one hand I like apple’s fundamentals in the next year, I like the chances Trump will be re-elected and the economy looks to be on very firm grounds with fiscal and monetary policies favorable. On the other hand the president is extremely unpredictable and unstable. The opposition party is the same. The world remains a scary place where anything can happen. I now have two years of spare cash and am looking for more in the coming weeks via a sale of more stock. My problem is the cap gain is onerous as all my shares now go back 12 years. I have not concluded this but I likely will be a seller of 50 to 100 percent of my Apple shares sometime in the next year maybe sooner. I worry a lot about being greedy as I never in my wildest dreams thought Apple would make 200 let alone marching to 300. Having said that the fundamentals of Apple look so so so good and 2020 looks to be a banner year. So I am betwixt and between.