Consider the following market moving news items of the day:
• WikiLeaks is set to release Enron-like internal documents from a major U.S. bank sometime early next year.
• European contagion fear increased after the Irish bailout.
• The market is no longer certain that U.S. tax cuts are coming in 2011. President Obama is meeting with both sides to discuss the issue. So far, we see Democrats taking a hard line stance against the pro-growth policies.
Schwarz writes, “Bad sentiment surrounding banks, Europe, and tax policy is not a good thing for the stock market… The 2009 Apple comparison could be setting up quite nicely. During that death march, the only productive time to own Apple was from the Dec. 7 low of $188 until it reached $209 on Dec. 24. If we can get an entry below $300 during the first 10 days of December, we will be compelled to buy.”
Read more in the full article here.
Ahh isn’t the free market wonderful!
Apple’s Q1 performance and wiser minds will prevail.
Nothing to see here, folks. Just another ass-wipe anal-yst trying (in vain) to drive AAPL down before the company posts another quarter of record earnings in mid-January.
Where is the SEC when you need them? (Answer: NOWHERE, that’s where. For the most part, the game definitely rigged.
Obviously investors are ignoring the percentage and growth rates of non-US and Europe sales
Put your money in Las Vegas, at least you know in the long run you loose and the roller coasters are not on the gambling floor.
Apple is the ONLY stock you van countbon to make money, Schwartzy, my boy.
Just an another “Street” troll trying to depress the stock before another run up!!
I thought there were laws against this kind of thing???
@Macdoc
Street troll
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Yeah, this is total BS. I’ve had some apple stock since when it was 78, and I’ve been making a killing so far… will i sell? hell no!
MDN word: Decision… as in “keeping AAPL is the right one”
I love it:
“So far, we see Democrats taking a hard line stance against the pro-growth policies.”
In other words, if you don’t cut taxes for the uber-rich, you;re anti-growth.
Jason Schwarz writes for TheStreet – enough said!
As much as I am a fan of AAPL, you can’t discount many of the factors he is siting here as a possible drag on AAPL. The company has done well in this difficult time, but their stock is really driven by future growth, which I think long term is very bright, but in the near term, all of the factors he is mentioning could be a drag on the stock.
In other words, if you are planning on cashing out AAPL soon, maybe its a good time to do it. If you are long on AAPL, then there’s nothing to see here folks.
Look at any significant dips as a buy-in opportunity.
Clueless Street Troll, what does WikiLeaks, U.S. banks, the Irish bailout or Obama have to do with Apple’s products or services. Any idiot can see that people are dumping the other iKiller IT Crap and choosing Apple. Apple is rapidly growing and the others are being crushed! Maybe that list of stupidity is taking the others down faster.
I went back 10 years, and AAPL has gained an AVERAGE of 51% over that time. Fantastic.
The only ‘problem’ someone could have with AAPL performance is short term timing.
@ Macromancer:
Did you read what you wrote? You could replace the ticker symbol AAPL in your post with almost any other and it would still read true.
Moreover, all of the factors worrying little Schwartz are completely dwarfed by the upside potential in Asia and Brazil. We’ve had over a year of continuous growth completely carried by the expanding new markets while Europe and the USA sleep. That isn’t going to change. If anything, wise companies will find new ways to serve these emerging markets.
… and moreover, all of us would be very happy to see another “too big to fail” bank get the thrashing it deserves rather than another free handout. That would be the best way to clear the books of toxic assets that these banks created themselves!
Dear Mr. Schwarz,
Trying to time any stock with day trades is stupid. Just hold on to Apple stock for the long run and let Mr. SJ and his team do their magic. You wont regret it.
“Ahh isn’t the free market wonderful!”
You don’t seem to know what a free market is. In a free market, there would be no corporations. They are creations of the government, the whole limited liability thing that investors love so much.
If you’re a Democrat you are out for destruction of the US. Communist, loser, scum.
“If we can get an entry below $300 during the first 10 days of December, we will be compelled to buy.”
Judging by this quote, it would seem that this guy is not as down on APPL as it initially sounds. It seems that he is looking at APPL as a bargain not to be missed if it goes below $300.
The nature of the stock market is to ebb and flow. 300 is not a bad number people… Even if this douche is right, it’s not just Apple that will suffer, he’s talking about across the board.
He’s juts being a dried out accountant with no love for anything. Strictly by the numbers. Just making a general observation and acting accordingly.
Kelly,Kelly,Kelly. Stop watching Faux News and
take some anger management classes.
What a crock. None of Scwartz’s assertions should materially impact Apple. I fart in the general direction of technical analysis, as if the pile of BS in this article is even that. It’s pure FUD from TheStreet.com as usual.
When looking at buying shares of any company, look at their cash, cash flow, debt to equity ratio, earnings and earnings growth. The rest is pure noise.
Schwartz is certifiably insane. How does WikiLeaks have anything to do with iPad sales in China or Oklahoma? It doesn’t.
And they let nut-jobs like Schwartz clear TSA pat-downs? It’s proof positive that the world is run by drooling idiots. And that’s an insult to drooling idiots.
As much as calling AAPL’s current price range a “death march” is ridiculous (AAPL is UP over $10 during the month of November), external factors beyond Apple’s control do impact AAPL.
You folks who think AAPL is immune to such factors, because they make really popular products, have a short memory. AAPL went from $200 to under $80 in the course of a very bad year. It was still a very good year for Apple, the company, but a very bad year for AAPL, the stock (along with the rest of the market). Apple, the company will remain a great company for the foreseeable future, but AAPL, the stock, is NOT always a great investment.
Only a Certified Moron would even think of calling the fall in Apple’s share price a “death march”. What an imbecile!
@Kelly
Stop obeying everything Fox News says and quit with the ad hominem attacks. Theyre illogical and improper. Hold different opinions from others without acting rash. K’thanks.
Fox or any other news service has nothing to do with this topic (in my opinion;)). Despite what good or evil governments or news organizations do, markets will go up and down. Be happy Apple has been a great success- pundits and street analysts thrive on stirring you up- you give them power every time you mention them. Of course I believe in free speech and your right to turn off your TV
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