Apple has lost 35% of it's market value since Oct 2nd....

WCDawg

Hold on folks, this is getting serious. I'm too old for a slow climb back.

CFPTitle_Dawg

Time to buy more? I have taken the hit since buying earlier this year but could go for more.

WCDawg

@CFPTitle_Dawg said:
Time to buy more? I have taken the hit since buying earlier this year but could go for more.

I wouldn't touch a stock till there is some indication the bottom is close.
Alan Greenspan of all people thinks we're in for a really deep downturn.

jay_kubzz

Be greedy when others are fearful

Bankwalker

@WCDawg said:

@CFPTitle_Dawg said:
Time to buy more? I have taken the hit since buying earlier this year but could go for more.

I wouldn't touch a stock till there is some indication the bottom is close.
Alan Greenspan of all people thinks we're in for a really deep downturn.

Another deep recession would be good for my wife’s bar business. The coming recession has been predicted by some economists since before the the last presidential election and is actually about a year late.

Kasey

If it weakens some of these tech companies that have gotten a little too monopoly-ish it won’t be all bad

WCDawg

@Bankwalker said:

@WCDawg said:

@CFPTitle_Dawg said:
Time to buy more? I have taken the hit since buying earlier this year but could go for more.

I wouldn't touch a stock till there is some indication the bottom is close.
Alan Greenspan of all people thinks we're in for a really deep downturn.

Another deep recession would be good for my wife’s bar business. The coming recession has been predicted by some economists since before the the last presidential election and is actually about a year late.

In other words, it's not Trump's fault ?
Greenspan and many others think Trump's trade policies are starting to show up in markets.

WCDawg

@Kasey said:
If it weakens some of these tech companies that have gotten a little too monopoly-ish it won’t be all bad

I'm not sure if Apple and Samsung being dominant have any real negative affects on American consumers, that might be over my head.

a_rattler

@WCDawg said:
Hold on folks, this is getting serious. I'm too old for a slow climb back.

Everyone knew that iPhone sales would slow down as they went from being cultural phenomenons to regular products. Apple staved this off first by introducing larger screens then by boosting Chinese sales to compensate for falling US sales but they finally ran out of tricks. Their attempts to turn India into another China for them failed for regulatory reasons as India's government did not want too much competition for their own domestic smartphone industry, and there are no other big markets for them to expand to.

The iPhone had a great run ... the longest in history for a product that expensive at that volume and scale. But it is finally over. Apple knew this was coming in advance and it is the reason why they have been pivoting to being a services company for some time. Even though they can make as money that way as before that doesn't excite the stockbrokers as much as selling 100 million iPhones a quarter used to.

WCDawg

@a_rattler said:

@WCDawg said:
Hold on folks, this is getting serious. I'm too old for a slow climb back.

Everyone knew that iPhone sales would slow down as they went from being cultural phenomenons to regular products. Apple staved this off first by introducing larger screens then by boosting Chinese sales to compensate for falling US sales but they finally ran out of tricks. Their attempts to turn India into another China for them failed for regulatory reasons as India's government did not want too much competition for their own domestic smartphone industry, and there are no other big markets for them to expand to.

The iPhone had a great run ... the longest in history for a product that expensive at that volume and scale. But it is finally over. Apple knew this was coming in advance and it is the reason why they have been pivoting to being a services company for some time. Even though they can make as money that way as before that doesn't excite the stockbrokers as much as selling 100 million iPhones a quarter used to.

Apple is just my example though, it's virtually the entire market, from tech to heavy industry to services. It's the stock market, not jobs, etc, those generally lag behind the market.

Bankwalker

Strong argument to be made Greenspan's economic policies in regard to holding inflation artificially low contributed to the last big one.

Trump's fault? Im just telling you what I was told a little after he took office by a guy who has been on MSNBC

WCDawg

@Bankwalker said:
Strong argument to be made Greenspan's economic policies in regard to holding inflation artificially low contributed to the last big one.

Trump's fault? Im just telling you what I was told a little after he took office by a guy who has been on MSNBC

The last big one was in 2008,that was clearly caused by fraud on Wall Street and in London.
The last tech bubble to burst was addressed by Greenspan 2 years before it manifested in his ''irrational exuberance'' statement.

YaleDawg

@WCDawg said:

@a_rattler said:

@WCDawg said:
Hold on folks, this is getting serious. I'm too old for a slow climb back.

Everyone knew that iPhone sales would slow down as they went from being cultural phenomenons to regular products. Apple staved this off first by introducing larger screens then by boosting Chinese sales to compensate for falling US sales but they finally ran out of tricks. Their attempts to turn India into another China for them failed for regulatory reasons as India's government did not want too much competition for their own domestic smartphone industry, and there are no other big markets for them to expand to.

The iPhone had a great run ... the longest in history for a product that expensive at that volume and scale. But it is finally over. Apple knew this was coming in advance and it is the reason why they have been pivoting to being a services company for some time. Even though they can make as money that way as before that doesn't excite the stockbrokers as much as selling 100 million iPhones a quarter used to.

Apple is just my example though, it's virtually the entire market, from tech to heavy industry to services. It's the stock market, not jobs, etc, those generally lag behind the market.

You gotta know your audience by now. Most people here wont want to admit we're heading for another bad recession and they will definitely get mad for you pinning blame on trump. You're trying to get the forum riled up at this point.

Kasey

@WCDawg said:

@Kasey said:
If it weakens some of these tech companies that have gotten a little too monopoly-ish it won’t be all bad

I'm not sure if Apple and Samsung being dominant have any real negative affects on American consumers, that might be over my head.

I meant more like amazon Facebook and google

WCDawg

@Bankwalker said:
Strong argument to be made Greenspan's economic policies in regard to holding inflation artificially low contributed to the last big one.

Trump's fault? Im just telling you what I was told a little after he took office by a guy who has been on MSNBC

Sure, Obama's 8 year expansion is to blame.

Kasey

@YaleDawg said:

@WCDawg said:

@a_rattler said:

@WCDawg said:
Hold on folks, this is getting serious. I'm too old for a slow climb back.

Everyone knew that iPhone sales would slow down as they went from being cultural phenomenons to regular products. Apple staved this off first by introducing larger screens then by boosting Chinese sales to compensate for falling US sales but they finally ran out of tricks. Their attempts to turn India into another China for them failed for regulatory reasons as India's government did not want too much competition for their own domestic smartphone industry, and there are no other big markets for them to expand to.

The iPhone had a great run ... the longest in history for a product that expensive at that volume and scale. But it is finally over. Apple knew this was coming in advance and it is the reason why they have been pivoting to being a services company for some time. Even though they can make as money that way as before that doesn't excite the stockbrokers as much as selling 100 million iPhones a quarter used to.

Apple is just my example though, it's virtually the entire market, from tech to heavy industry to services. It's the stock market, not jobs, etc, those generally lag behind the market.

You gotta know your audience by now. Most people here wont want to admit we're hearing for another bad recession and they will definitely get mad for you pinning blame on trump. You're trying to get the forum riled up at this point.

Orange manbaby is guiltless