“Most highly rated stocks stumbled during the past week, as the overall market fell back into correction mode after a brief uptrend,” Victor Reklaitis reports for Investor’s Business Daily.
“Among those finishing the week under their 10-week lines were Apple (AAPL) [$565.25, -$16.57 (2.85%) ], MercadoLibre (MELI) and Michael Kors (KORS). MercadoLibre has lost its spot in the IBD 50 screen,” Reklaitis reports.
Reklaitis reports, “For the week, the IBD 50 index slid 3.5%. That was better than the Nasdaq’s performance, but worse than the other indexes’ declines. The Nasdaq dropped 3.7%, the NYSE composite 2.7% and the S&P 500 2.4%, as each index endured its worst week since late last year.”
Read more in the full article here.
I thought it was the under whelming jobs report?
It was. The jobs report showed the market was inflated, so it corrected. In six months, with a change in leadership, the markets will roar and employers will start highering. Count on it.
I doubt that they will be highering undereducated wishful thinkers like you, Pirate. First, there won’t be a change in leadership in 6 months. Even if Romney were elected, he would not take office until next January. Second, even if Romney is elected, there won’t be a magical recovery. You might see a short term emotional bounce, but the crappy fundamentals will reassert themselves and reality will win, as it always does.
The only thing that I can count on from you are useless party line talking points.
LOL–perhaps they’ll be ‘hiring’ OVEReducated zeros like you?
Already gainfully employed doing insanely great things, Pirate.
Could you be a little more of an asshole? Try!
Oh, I could, “Lordthree.” I certainly could. If I knew more about your anonymous trolling personality, I could kick it from one side of the internet to the other. Besides, the anonymous idiot Pirate (who could very well be you now feigning distaste at my “foul” post above) posted “highering” rather than “hiring.”
The trolling political posters on this forum live just to do that – to incite and taunt the legitimate members of this forum. Any time I say, “MDN, please limit posting in this forum to legitimate, registered people'” the anonymous trolls cry “censorship,” as if they somehow have the right to post their bile and blather anywhere they choose. But they fail to comprehend that this is a private forum, not a public one. MDN can cut this anonymous BS off if it chooses to do so. But MDN is just loving the hit-count.
What are you implying with your handle, “Lordthree,” that you are somehow the Trinity? Or that your message is somehow more “righteous” than mine. Why don’t you turn the other cheek?
Every day we closer and closer to the time when MDN and all its lemmings will have to face up to the reality that we are in the post-Steve Jobs era and things aren’t as they used to be and won’t be again. Why is that so hard to admit? That’s what you have us trolls for – a reality check. Keep ignoring but get ready for us to be right.
lol. We don’t ‘have trolls’- you trolls have us. And sadly that’s all you have
Lordthree, you aren’t a troll? But you are still anonymous…Hmm.
If you look down on lemmings, then I declare that I am a proud lemming! If believing in a worthy cause and supporting it through good times and bad is the mark of a lemming, then there are many Apple lemmings in this world and our numbers are growing daily. Prepare to succumb to the horde!!!
Every day we closer and closer to the time when MDN and all its lemmings will have to face up to the reality that we are in the post-Steve Jobs era and things aren’t as they used to be and won’t be again. Why is that so hard to admit? That’s what you have us trolls for – a reality check. Keep ignoring but get ready for us to be right.
Are you folks (pete peterson, jim jamison, … dork dorkenson) related to Zune Tang?
I can understand that the term “Post-PC era” excites you guys to the point of bringing up the similarly sounding “Post-Steve Jobs era” on every possible occasion. It affects you in the same way as a red rag affects a bull that has its nuts painfully squeezed by a leather belt.
Apple’s rally of recent months is only a correction from the lackluster AAPL increases in the last 6 months of 2011 and before, where the stock was constantly held down by speculators and FUD artists. Corrections tend to overshoot somewhat. Just see what happens if you draw a curve starting from AAPL, say mid-2009, rising by about 55%/year. You will see that AAPL at 600 is right on the spot an the curve will just extrapolate from that in the future. Any speculation against AAPL has more than the 12% impact on the NASDAQ that one would purely derive from its weighting in that index.
At least Zune Tang was kidding. These two Dork Dorkensons are serious!
No, ZuneTang was a satirist. He worked much like Stephen Colbert, taking the beliefs of the opposing side to the extreme to illustrate the idiocy of their statements and beliefs. Most of the time his/her posts were clever, although the approach did get stale after a couple of years.
Yes it might be true we no longer have Steve Jobs but we try to look at the bright side: YOU still have Steve Ballmer!
Best comeback that I have heard in a very long time!
I think Microsloth might actually have been slightly better competition if the reversal of fate had happened. Ballmer dead and replaced, but Jobs still alive.
Though if MS just goes and picks another Monkey out of the brush as CEO, then forget that theory.
Its hilarious to see people talking about how apple is going to die because it had a few weeks of down stock…. after months of a hugely parabolic move up.
If you’re not a clueless idiot, you want apple’s stock price to be low… because the inevitable earnings (and cash) force it up year after year… so when its low, that means you get to buy cheap.
Only people who are selling now should care about the price being low and want it to be high.
But the financially illiterate thing the stock price on any given day is some sort of judgement passed on the nature of the company.