Posted on 03/04/2013 1:45:57 PM PST by blam
STOCKS HIT NEW BULL MARKET HIGHS AS APPLE PLUNGE CONTINUES: Here's What You Need To Know
Sam Ro
March 4, 2013
Stocks continue to march toward their all-time highs. And they're doing it without the help of Apple.
First the scoreboard:
Dow: 14,127, +38.1 pts, +0.2 percent
S&P 500: 1,525, +7.0 pts, +0.4 percent
NASDAQ: 3,182, +12.2 pts, +0.3 percent
And now the top stories:
* It was a quiet day in the markets and the economy. This is the first full week with the federal budget cuts known as sequestration ripple across the economy. Yet, the markets continued to grind higher.
* This rally comes amid some jitters in China where China's Shanghai composite tumbled and property stocks got crushed. The big news was that China announced new measures to contain a heated property market that many people worry has evolved into a bubble. Coincidentally, 60 Minutes ran a feature on Sunday night highlighting China's notorious ghost towns, which many consider to be hard evidence of a bubble.
* Meanwhile, shares of Apple, the most heavily weighted stock in the S&P 500, tanked. Notably, it fell below $425, which was the bearish price target of fund manager Jeff Gundlach. "AAPL over the last six months offers a textbook case study in market behavior and effectively debunks efficient market theories," said Gundlach in an email to Business Insider. "The weakness is all the more remarkable because it has occurred within the context of a strong overall US stock market. SPX up 5% since September 19, 2012 and AAPL down 40%."
* Once again, stocks are just points away from their all-time highs. The Dow closed at its all-time high of 14,164 on October 9, 2007, the same day the S&P closed at its all-time high of 1,565.
(Excerpt) Read more at businessinsider.com ...
I recently joined the tablet carriers, bought a Galaxy Tab 10.1 FAR below what the snob crowd is using. And every day I use it at work searching the web for an obscure part, wiring schematic or forum, I have it in Wi fi only but is tethered to my Galaxy S2 phone which does have the mobile Wi fi hotspot option.
I cannot even use a fraction of the tools on this tablet just like the smartphone, I am a semi-smart user.
Having an Apple product is unnecessary, cheaper is all that is needed, anything else more expensive will for the most part never ever be turned on, updated or shared by any social network. Like owning a new Lamborghini, can’t drive it commuting to work, cannot haul the travel trailer nor can it be a useful piece of work equipment, its just a snobs toy.
All this tech is practically giveaway, but some prefer to still keep a liberal view that they must be superior to someone. Eff them.
That was rude. I am telling the truth (been here since 2001, only three years less than you). Use whatever phone you like, no skin off my back!
I own an iPad because my Mom bought me one for my 50th birthday. I enjoy it, and prefer it to the Samsung tablets for sure. But the Note 2 makes the iPhone look like a joke to me. To. Me. That is a personal opinion, okay?
No... Again you FAIL TO UNDERSTAND. Snob appeal has NOTHING to do with it. I pay for USEFULNESS. That $45 tablet, that hardware, is useless because it doesn't have an ecosystem behind it that WORKS!!!! It is an unintuitive slab of junk that will wind up in the junk drawer next to the ZUNE and other also rans. There is a reason why iPads and iPhones account for over 85% of the mobile traffic on the Internet. . . It's because they are useful! Ergo, they get used.
Here's my opinion, it is different. It is a true communication device that neatly integrates all your personal communication needs with the cloud. It is also a very capable small computer with a smooth functioning interface and plenty of power to run any of the programs you throw at it. For me it blows the iPhone 4-5 away. Android is a close second, but it is too featured and overly complicated for its purpose. My biggest complaint would be how far WP8 is in application availability. However I have been able to find all of the application I need even if not all of the ones I want.
I wouldn’t mind trying one out. The Note 2 hooked me before I had the chance. Definitely lots of options for us these days.
“This is a company that has created FOUR major product categories in 12 years. . . and holds the promise of more.”
I’m interested in the rumor of an Apple watch. My sister gave me a Nike Fuel for Christmas and it’s cool, but strikes me as just the beginning of the “smart watch” era
Wasn’t it in 2011 that Google hit new lows? I remember a Fortune piece that questioned if it was “over” for Google. I’m sensing the same thing now with Apple.
Gays cause me a problem only when they get in my face.
If they do not bother me, I do not bother them.
My Hindu religion taught me to be tolerant of others.
That is why so many major religions were born in India.
Such as Buddhist, Jain, Sikh, Parsi etc.
There are millions of Christians and Muslims and Jews living in India. When you consider there are 160 million Muslims in India, there are very few intolerance related incidents.
That is the most cherished part of Hinduism. It teaches you that we are all children of God regardless of beliefs and not to hate or raise your sword except in defense. India has never sent armies to conquer foreign lands in it’s 5000 year known history. Amazing religion!
I agree,
The issue is, what’s next.
The FED, is not stupid. They are in a trap.
They are using the only tools available. Which is to fight DEFLATION by facilitating INFLATION. It really is just like Japan.
They could have stepped aside and let the market and free people figure it out, but because they CAN do something to alleviate the contraction, they DID and are DOING the only thing they can.
It’s a trap.
Look at Japan.
Japan is exactly where Fed is leading us to. Why can’t people learn from history? Why repeat mistakes?
Economic cycles have existed from day 1. Fed can’t suppress cycles. Nobody can. It goes against human psyche. People will keep acting based on the brains God put in their heads. They will spend too much when they can. Then it is followed by retrenchment.
The worst thing about what Fed is doing is that it is diluting value of US currency and increasing national debt. Both are bad in the long run.
But as you said, Fed is doing what it is doing because it can.
They repeat the mistakes because their immediate livelihood gives them no option. When your job is “do something”, doing nothing is not an option.
My bona fides, your Bona fides.
Next up.
The FED’s dollar destruction leads to overseas profits and repatriation of that cash.
They will do this so they can create another buyer of US treasuries.
Look for a tax waiver or amnesty in the very near future.
Catholic Priest Murdered in Goa StateEusebio Ferrao recently had spoken out against religious rioting.
March 20 (World Watch Monitor) — March 20 (Compass) – The murder of priest Eusebio Ferrao in Goa state early Saturday morning (March 18) has sent shockwaves through the Catholic communities of India.
Fr. Ferrao, 61, was parish priest of St. Francis Xavier Church in Macazana, a village in the western coastal state. Police said assailants evidently stabbed and hit the elderly priest repeatedly before strangling and smothering him.
Fr. Ferrao’s body was discovered at around 6:30 a.m. when parishioners arrived for morning mass.
Police said the suspects in the murder are two young men from Uttar Pradesh state, identified only as Amit and Manish, aged between 25 and 30 years, who had shared a meal with Fr. Ferrao the night before he was killed.
The police have ruled out theft as a motive, since nothing was missing from the church premises.
While police are baffled, local Christians believe Fr. Ferrao was targeted because of his recently published comments on religious riots in the south of Goa.
Can’t we all just get along?
/s
Equities bubble, followed by debt bubble, then both bubbles pop and we have people walking around trying to exchange precious metals for the necessities of life - which will not work.
I have a Droid. My kids have iphones. I don’t see much difference.
I don’t have any stock in either.
The big screen droids appeal to me.
Are you being facetious? You cite one example of a murder by some fanatics as something the 1.1 Billion Hindu’s believe or act on?
I could cite thousands of examples by fanatics of any religion, including Christians, murdering people of some other religion, but I won’t extrapolate that to all the good people of that religion. That would be sheer idiocy on my part.
I have known personally upwards of 20,000 Hindu’s in my lifetime (I am quite old) and I have not known a single person who murdered anyone, of any religion.
Hindu’s never fought crusades of any kind, domestic or foreign. So yes, I will remain tolerant of others so long as they do not bother me. But I am not a pacifist. If someone aggravates me, I will react disproportionately more.
That is like saying government doesn’t bother me unless they haul me off to the camp.
I don't see you as one who is open to discuss the damage the Gay agenda has heaped upon our children, and our legal system.
Care to make book on the sexual preference of the judge who ruled recently that a birth certificate could list three parents?
Or maybe the sexual persuasion of the Judge that ruled that California's law restricting marriage to one man one woman was unconstitutional?
The Gays both closeted and outed have exercised tremendous influence on our legal system even on our selection of political candidates.
Yet you insist that they have done you no harm. They in fact are destroying the very fabric of our Society, as they have every society where they have been tolerated.
I am in my 70’s now, and my life was hugely affected with all the taxes I have forked out. Except for the national defense benefit, 75% of my taxes have benefited others but not me. Never collected unemployment, food stamps, welfare, heat subsidy, rent subsidy or any other kind of handout.
The gays OTOH have made zero difference in my life. I don’t like them and I don’t understand them. But I do not hate anyone who does not hate me or causes me a problem.
Please explain how your life was affected by gays so I can better understand your dislike of those people.
If I have to explain it,I doubt I can ever convince you that homosexuality and the acceptance of it destroys any society, especially one founded on Christian values.
I was in education in California for several years and observed first hand the tyranny of the few in education. If you think it didn't matter then you should look at the values of our youth today.
I pointed to a few examples of how homosexuals in government affect your life, which you ignored so I suspect that there is nothing I can say that will show you that accepting immorality and denying the Word of God will bring destruction.
You complain about taxes, would you care to investigate what AIDS has cost you? It is a disease spread among homosexuals based on their behavior. They deliberately infected the blood supply to force the government to intervene in their treatment.
Out of curiosity, are you a Christian?
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