Yet today with the stock breaking out to new yearly highs, its time to talk about why we stayed the course. This is important and not just because apple, the Largest Company in the world, can actually help power the entire market upward as it did today, with the dow gaining 178 points, s p declining, and the nasdaq falling 1. 47 . We have to analyze my apple call because all the years ive been in this business and, man, ive been in it a long time ive rarely ever gotten so many it than i did for my dont trade it, own it mantra when apple shares got hammered after the march quarter. I was widely seen as being sentimental at best and at worst down right stupid and arrogant and ignorant. After all, hadnt the facts changed . Wasnt the growth gone . Despite the widespread hate for apple and its stock, including its socalled bullish analyst whos are mostly negative anyway, i thought otherwise. Nothing really had changed aside from the fact that it had gotten much cheaper than it should have b
Something bigger than we talk about today. Todays sleepy session was the new normal. Ive made no secret of the fact that i think that the end of the recession with the Federal Reserve, it has caused millions of people to miss this amazing run from the generational bottom seven and a half years ago. The current hiatus in buying ahead of Janet Yellens speech in jackson hole is typical. We wait and then its gone. What, why have so many been so skeptical of every darn move higher . Because investors have been conditioned to brief that once the fed starts raising Interest Rates regularly, they believe they believe it never should have gone up in the first place. Everything that can cause a stock to raleigh, from the dividend yield to a shrunk share account, people presume that stocks have to plummet. I have never chosen to make investments based on the feds next move. Because the fed ive known is a fickle beast thats often wrong, parsing every word is a huge waste of time if youre trying to
Something bigger than we talk about today. Todays sleepy session was the new normal. Ive made no secret of the fact that i think that the end of the recession with the Federal Reserve, it has caused millions of people to miss this amazing run from the generational bottom seven and a half years ago. The current hiatus in buying ahead of Janet Yellens speech in jackson hole is typical. We wait and then its gone. What, why have so many been so skeptical of every darn move higher . Because investors have been conditioned to brief that once the fed starts raising Interest Rates regularly, they believe they believe it never should have gone up in the first place. Everything that can cause a stock to raleigh, from the dividend yield to a shrunk share account, people presume that stocks have to plummet. I have never chosen to make investments based on the feds next move. Because the fed ive known is a fickle beast thats often wrong, parsing every word is a huge waste of time if youre trying to
Than my view that you should just own apple, not trade it. Yet today with the stock breaking out to new yearly highs, its time to talk about why we stayed the course. This is important and not just because apple, the Largest Company in the world, can actually help power the entire market upward as it did today, with the dow gaining 178 points, s p declining, and the nasdaq falling 1. 47 . We have to analyze my apple call because all the years ive been in this business and, man, ive been in it a long time ive rarely ever gotten so many criticism, so much cat calling than i did for my dont trade it, own it mantra when apple shares got hammered after the march quarter. I was widely seen as being sentimental at best and at worst down right stupid and arrogant and ignorant. After all, hadnt the facts changed . What wasnt the growth gone . Despite the widespread hate for apple and its stock, including its socalled bullish analyst whos are mostly negative anyway, i thought otherwise. As the s
Bouncing around throughout the session. Each stock is down about a quarter percent. Earnings. Just about we have Energy Stocks gaining as oil falls, curiously enough. You can look and see energy and materials are the two best performing materials. Consumer staples are on the downside today. That is shaking up. Verizon is what is pulling down the telecom shares. Wireless subscriber growth Beat Estimates but because of negotiations with labor unions, that is going to weigh on secondquarter earnings. Apple, which has delayed the Earnings Report by oneday is coming out with a shares falling about 1. 25 today. A lot of divergent views on apple. And cocacola is down for the second day after its report, even as analysts report weather yesterdays drop was justified. Tracy lets give you a break from the earnings. Tell us what else is moving . Julie oil, we are watching that today. It has had a drop as we have seen the dollar bounce around. Thes up off the lows of session. Speaking of the dollar