Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Jun 16, 2022 1:20:17 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Jun 16, 2022 2:12:01 GMT -8
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Jun 16, 2022 6:25:16 GMT -8
Ouch!
At least oil is down a bit too. Maybe that's the upside.
The market will find a bottom sometime. Whether that is close to here or not.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Jun 16, 2022 6:59:25 GMT -8
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Post by zebrum on Jun 16, 2022 7:12:36 GMT -8
New lows for AMD, Facebook and an all time low for Airbnb. Hopefully Apple holds above 130 and recovers the -3% by close, that would set up nicely for a flat day tomorrow then I'm hopeful this is the bottom!
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Post by archibaldtuttle on Jun 16, 2022 8:39:36 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Jun 16, 2022 9:04:20 GMT -8
I think his conclusion was that boring companies with a good balance sheet and pay a dividend are the ones to have. Well, Apple meets two our of the three requirements.
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Post by duckpins on Jun 16, 2022 11:25:33 GMT -8
NAIL is one of my favorite ETF's. Homebuilders. If it crashes back to its first covid crash level of 5 or so it is a great buy. It is 20 now down from 127. Similar declines to the dotcom crash all around the tech world. The ARKK of the Covenant is down from 130+ to 30+ with the talking heads saying it still has plenty of overvalued stocks. The higher inflation and the lower the market, less for apple products and houses. This might be the crypto crash so if so more blood ahead. If Crypto recovers and goes up we will see this again. Bad time to be an incumbent politician I would think (sorry for politics!)
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Post by archibaldtuttle on Jun 16, 2022 11:48:05 GMT -8
The bankrupcities haven’t even started yet. Look for companies like Robinhood or Coinbase to go under. Possibly companies that are highly dependent on home sales or new mortgage origination.
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