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Armen
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12 months ago
in Apple Fails to Lead, Bear Market Frustrates Investors on Investor in the Wilderness
In 16 years of investing, including 1994, 1998, dot com crash, 2001
and so on - I have never been more at a loss of where the market is
going on a daily or monthly basis - it is as if all the rules have
been suspended - we have some of the biggest financial companies in
the world dropping 10% on a daily basis and it is becoming so
commonplace that it is a routine item - and these same institutions
are having to issue releases that there is no run on their deposits.
We have the biggest consumer electronic release in history met with a
5% drop. No mistake about it, we are staring at the abyss here - if
things don't turn soon - we are looking at a 20 year Japanese style
malaise - The Nikkei was at 37,000 in 1988 at 'rallied' to 22,000 and
now to 12,000. History doesn't repeat but it can rhyme and every
eventuality must be considered at this point. All the principles of
value of financial instruments of all types are being re-evaluated and
re-priced. I truly believe we are in a once in a generation
phenomenon and unfortunately, we are 'blessed' with people at the top
who are either slow or unwilling to act.
Armen
and so on - I have never been more at a loss of where the market is
going on a daily or monthly basis - it is as if all the rules have
been suspended - we have some of the biggest financial companies in
the world dropping 10% on a daily basis and it is becoming so
commonplace that it is a routine item - and these same institutions
are having to issue releases that there is no run on their deposits.
We have the biggest consumer electronic release in history met with a
5% drop. No mistake about it, we are staring at the abyss here - if
things don't turn soon - we are looking at a 20 year Japanese style
malaise - The Nikkei was at 37,000 in 1988 at 'rallied' to 22,000 and
now to 12,000. History doesn't repeat but it can rhyme and every
eventuality must be considered at this point. All the principles of
value of financial instruments of all types are being re-evaluated and
re-priced. I truly believe we are in a once in a generation
phenomenon and unfortunately, we are 'blessed' with people at the top
who are either slow or unwilling to act.
Armen
1 reply
Zach Bass
It is hard to comprehend how RIMM gets downgraded and is up 1% through noon-time trading and AAPL price is stagnant. You would think the opposite would be true. Perhaps the big money is keeping AAPL down prior to earnings, perhaps we're feeling the effects of Max Pain. In any case, the stock is clearly being manipulated this week, by powerful forces.
