Steve’sWorld

lkrupp said:

GeorgeBMac said:

Don't get too worked up.   Yeh, Apple is a solid company on many levels and a good candidate for investment.

But, right now -- and for the past 10-12 years -- the entirety of the American stock market has been propped up by two major things that artificially inflated prices:

1)   Massive (trillions) amounts of borrowed and printed money have been poured in till excess cash is sloshing around like water in a bucket. 

2)   Interest rates have been artificially held to ultra low levels so that investors had no other option than to shift to risk (equity) assets.   We saw what happened, in 2018 when the Fed tried to raise rates back up closer to more normal, sustainable levels -- markets plummeted.

Despite the TaxScam pumping up corporate profits with borrowed money the major method of valuing stocks remains elevated at over 1/3 higher than normal.  That is, the Price Earning ratio historically runs at about 15 but has now never dropped below 20 even during the latest stock market crash.

So, essentially, stock prices have been removed from reality based fundamentals and are being artificially propped up.  At some point they will return to normal and even good, solid companies like Apple will be impacted.

Enjoy the party while it lasts.

Says the committed anti-capitalist who thinks the government should own the means of production.

EsquireCats said:

Says the company that is still trying to ram webm down everyone's throats.

montrosemacs said:

This reeks of First World pretensions. Will be popular among guys who can't get dates. 

entropys said:

Why do this? It would just generate extremely negative press. The EarPods cost next to nothing to manufacture, and the box is already designed.

unless of course there is no lightning port.