chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Mar 24, 2018 7:12:39 GMT -8
Whew! I am glad that's over. What a terrible, awful, no good week! The only silver lining may be that the Market will finally realize how different Apple's business proposition is compared to the rest of the major tech companies, along with the fact that they are poised to return a huge pile of cash to the shareholders. But of course, I have been waiting a long time for that to happen, and there are no guarantees. Lots of stories about Bank of America Merrill Lynch Analyst Predicts a Foldable iPhone will Surface in 2020. I never owned a flip phone, so have none of the nostalgia that seems to mark much of conversation. The nominal reason is that phones are getting bigger, but I am big (6-6) and so are my pockets, plus the X series has reduced the phone size to screen size ratio. Perhaps the ladies would have more interest, but they have pocketbooks. Fabulous Spouse and I have been waiting eagerly for new iPads, and I am not sure that "cheaper" ones rumored for the upcoming education event will fill the bill. I have been resisting the Pro models because my usage is not professional nor very demanding. Meanwhile, Making The Grade: What’s lacking in Apple’s Deployment Model for iPads? presents the thoughts of someone who administers them in a school setting. PED has a creepy story in Dead fingers talking, and an encouraging, but still mystifying report on the public reaction to the Cambridge Analytica story WRT Apple.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 24, 2018 7:37:56 GMT -8
CNBC has Apple's Tim Cook calls for calm heads on China, US trade. The trade war seems to be a factor behind Apple's fall. People and the market associate Apple with China. When the trade war blows over AAPL should bounce back. As Chinacat mentioned a nice return of Apple's Cash pile to shareholders will help as well. Come on, Tim -- How about a 3% yield?
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Mar 24, 2018 7:41:28 GMT -8
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Mar 24, 2018 9:51:25 GMT -8
I am a little suspicious of this "trade war". This article from Bloomberg points out that only 3% of our steel imports come from China. That eased my concerns that tariffs might lead to cost-push inflation like we saw in the 70's. As far as the impact on China, if steel and aluminum export only accounts for .5% of China's GDP. It hardly seems like this is anything other than symbolic. The article also notes that China has an oversupply of steel making capacity and has reduced their steel making by 50 million tons in 2017. Their total exports to the U.S. were about 1 million tons. Viewed in this light, it looks like we are being careful to hit them were it doesn't hurt. www.bloomberg.com/view/articles/2018-03-02/china-stands-to-gain-from-donald-trump-s-steel-tariffsIt will be very interesting in the coming months to see if companies start using the "trade war" as an excuse to raise prices.
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Post by appledoc on Mar 25, 2018 3:32:27 GMT -8
I am a little suspicious of this "trade war". This article from Bloomberg points out that only 3% of our steel imports come from China. That eased my concerns that tariffs might lead to cost-push inflation like we saw in the 70's. As far as the impact on China, if steel and aluminum export only accounts for .5% of China's GDP. It hardly seems like this is anything other than symbolic. The article also notes that China has an oversupply of steel making capacity and has reduced their steel making by 50 million tons in 2017. Their total exports to the U.S. were about 1 million tons. Viewed in this light, it looks like we are being careful to hit them were it doesn't hurt. www.bloomberg.com/view/articles/2018-03-02/china-stands-to-gain-from-donald-trump-s-steel-tariffsIt will be very interesting in the coming months to see if companies start using the "trade war" as an excuse to raise prices. It's a bargaining tactic. But the media can't help but work themselves into a frenzy. Exaggerated losses like Friday afternoon is what happens when you throw uncertainty into the market. Just make sure you have some dry powder ready!
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Post by archibaldtuttle on Mar 25, 2018 7:56:44 GMT -8
Judging by the futures, tomorrow looks even worse. The trade war thing has ruined the market.
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Post by david on Mar 25, 2018 10:42:04 GMT -8
I am a little suspicious of this "trade war". This article from Bloomberg points out that only 3% of our steel imports come from China. That eased my concerns that tariffs might lead to cost-push inflation like we saw in the 70's. As far as the impact on China, if steel and aluminum export only accounts for .5% of China's GDP. It hardly seems like this is anything other than symbolic. The article also notes that China has an oversupply of steel making capacity and has reduced their steel making by 50 million tons in 2017. Their total exports to the U.S. were about 1 million tons. Viewed in this light, it looks like we are being careful to hit them were it doesn't hurt. www.bloomberg.com/view/articles/2018-03-02/china-stands-to-gain-from-donald-trump-s-steel-tariffsIt will be very interesting in the coming months to see if companies start using the "trade war" as an excuse to raise prices. It’s real. My family business is in the Northwest. We make things from steel sheet. Steel sheet prices are up 40% since the first of the year. We’ve raised our own prices 10% in the last week. Domestic mills were doing fine before trump, accounting for 70% of the U. S. market. China accounted for 10% of imports into the US. Yes, 3% of domestic sales. For that, trump, in effect, is forcing importers to charge at least 25% more, and allowing domestic mills to add at least 25 points to their gross margin. 25% to punish a competitor for selling 3%? US consumers and manufacturers will be paying 100% of the cost increases. True, beer can costs will only increase by 1/2 cent each, but for other manufacturers, steel and aluminum can account for as much as 50% of the direct costs of their products. Manufactured goods prices will be, and are, going up. Fewer units will be sold. Fewer exported. Fewer employees will be needed. For every steel mill job created, five will be lost in the manufacturing sector. All this because domestic mills, thanks to productivity increases in the last 50 years, have eliminated 80% of the labor required to manufacture steel. And this before any consideration of retaliatory measures by the rest of the world. Trade wars are easy. Everybody loses.
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Post by sponge on Mar 25, 2018 12:51:22 GMT -8
Judging by the futures, tomorrow looks even worse. The trade war thing has ruined the market. Futures don’t start for another hour I expect a nice rebound next week. 175 tops by Thursday
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Post by dreamRaj on Mar 25, 2018 13:59:42 GMT -8
Judging by the futures, tomorrow looks even worse. The trade war thing has ruined the market. Futures don’t start for another hour I expect a nice rebound next week. 175 tops by Thursday Yep. archibaldtuttle must’ve seen Friday’s (-377) futures number which is still seen.
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Post by hledgard on Mar 25, 2018 20:57:17 GMT -8
David.
I agree with you completely ! ! !
Any trade war is a huge mistake. We all lose.
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Post by mrentropy on Mar 26, 2018 7:34:16 GMT -8
Judging by the futures, tomorrow looks even worse. The trade war thing has ruined the market. Futures don’t start for another hour I expect a nice rebound next week. 175 tops by Thursday I will happily sell you all the weekly 175 calls you want this week
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Post by mrentropy on Mar 26, 2018 10:42:24 GMT -8
Futures don’t start for another hour I expect a nice rebound next week. 175 tops by Thursday I will happily sell you all the weekly 175 calls you want this week Of course this was my sneaky way to guarantee we go higher.
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