THE MYTH BUSTER 06/10/2018: "AT ITS' CORE THE APPLE IS ROTTEN"-- PROOF? APPLE HAS LOST $463 BILLION IN MARKET CAP IN 90 DAYS!
Manage episode 224573638 series 1165508
The focus of our FEATURE today is the spectacular collapse of Apple's stock price in the past 90 days. Last summer when Apple, Inc and analysts were boasting about the Company achieving a trillion dollars in market cap and was the world's largest enterprise, THE MYTH BUSTER boldly declared that "The Core of the Apple was Rotten" and contrary to its' public persona a black cloud was on the horizon. On 08/05 2018 TMB asked "HOW WAS APPLE ABLE TO REACH ONE TRILLION IN MARKET CAP?"(Taken from a Wall St Journal article dated August 2). This article reinforced our position taken in June. We absorbed considerable heat from Apple supporters who said TMB was "nuts" and more defamatory comments. Apple's hubris and arrogance has opened the door to an investigation of its' market practices and statements to the media and analysts. Other topics include: "Jobs Data, Fed Shift Boost Markets", A V correction?, 2 Yr & 10 Yr T-Notes come together, The World's growing debt, Helicopter money, US consumer debt hit $4 trillion and no fear, New product for 1st time home buyers, Car sales, Trump's exit strategy, Sweet-talking mother f...... and Crypto currency revival? "Disclaimer: This commentary is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of this date and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources are believed to be reliable but not guaranteed. Past performance is not indicative of future results. H. L. Quist is an Investment Advisor Representative."
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