“After a bit of a bump following CEO Steve Jobs’ keynote address at Apple’s developer conference, the company’s stock has been taking a beating. It was down almost 4 percent on Thursday. On Friday morning, it’s still heading lower,” David Morgenstern writes for ZDNet. “What is up?”
MacDailyNews Take: Not AAPL, that’s the problem.
Morgenstern writes, “It’s a bit bewildering, especially with the seemingly upbeat news from WWDC. However, it shows that there are at least two sides to any announcement.”
Morgenstern’s list of the “culprits” or at least ones that he sees:
• Jobs looked thin
• Disappointments in iPhone hardware features
• iPhone price drop
• iPhone competition
• Disappointments over waiting (until July 11)
Full article here.
That first bullet point comprises about 95% of the answer to the headline.
off topic off topic off topic off topic
Two dimensional ‘Your Future’ sez:
“In terms of retirement, a decade isn’t a very long term view.”
You aren’t grasping the point. This status of an essentially dead, stagnant US stock market over a period of a decade has not happened since ‘The Great Depression’. How does one retire on a 401K when over the period of your investment there is no growth, but in fact there has been a loss of value of your investments.
You are assuming that somehow, something is going to turn around this long term stagnation. Like what? The damage that has been done to the USA by detrimental leadership is so profound that I personally don’t see any great solution anywhere. Instead what I see is the continued decline of the USA as an economic power to the point of us becoming inconsequential in the world market. Once the other countries of the world have sucked out all our cash to pay for our war machine, our fuel, our cheap Walmart goods, what are we good for? The USA will be irrelevant. To the world we are only as good as the money they can take out of our pockets. Witness, please, our national debt. How will that money EVER be paid back to our lenders? Consider how quickly we are continuing to build debt:
http://www.brillig.com/debt_clock/
Check out the site below, which delineates exactly how much Social Security and Medicare are being RAIDED to pay for the increasing national debt. Here we are whining about saving Social Security and Medicare when the actual problem is the US federal government consistently spending beyond its means. Who have been our biggest spenders? #1 is George W. Bush. #2 was Ronald Reagan. Who cares what party they supposedly represent? They have been irresponsible. Detrimental.
http://zfacts.com/p/461.html
“Go on, invest in bonds. Use them to buy a nice new double wide trailer to retire in while those who invested in the market for 40+ years get you to polish their yachts to help supplement your government paid social security. Ha Ha Ha.”
You expect Social Security to even exist when you retire? Why?
Your fantasy is particularly sad when one considers exactly what YOU will be doing with your missing retirement funds. How much money has your 401K made over the past decade? Do you seriously see any way a 401K has any kind of future? What is a kid these days supposed to do, starting out in their professional life, if they have even basic comprehension of economics as well as an understanding of recent economic history? The kids these days tell me one and only one thing: Their 401K is a waste of their money. And more than that, they tell me it is a loss of their money. I’ve heard kids tell me this since 2002. It’s six years later. Nothing has improved. Nothing. Instead we are in decline.
Yacht? What yacht? Even the neo-feudalists have shot themselves in the head. During ‘The Great Depression’ many literally leapt out of windows to their deaths.
And the big point, again, is not the historic growth (since WWII up until a decade ago) of 401K type investments. Quote that all you like. The past is past. We’re talking about the future. What exactly has the future US stock market got to grow on? (Well, besides Apple of course!!!) With everything heaped against our regaining economic success, what exactly will make our stock market grow? Sorry Ditto Head fools, but you are snide to others at your own expense. It’s hot out. Do you dare pull your head out of the dirt to look around and notice what’s actually going on?
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Apology: I’ve marked this back and forth as ‘off topic’. Nonetheless, this is a Mac news site. I hang here to comment on the news. That this turned into a teaching session to help wake the brain dead is not just sad, not just off topic, it’s a waste of time. No way do I expect to improve anyone’s economic IQ. Only each individual can do it for themselves. So I have to apologize for essentially sharpening my wits regarding this subject at the expense of bandwidth here at MDN. Thanks for your patience. I enjoyed the chat for my own sake, but apologize if you did not find it as interesting or important.
:-Derek