sirozha

tmay said:

sdw2001 said:

indiekiduk said:

randominternetperson said:

This all makes sense if this were an Apple issue and not a global economy issue.  Personally, I expect the market to keep dropping until some good news about Covid-19 starts appearing.  It doesn't matter if Apple can make iPhones if there are economy-wide layoffs crushing the demand for iStuff.

This market was long over due for a correction, I don't think a threat from Covid-19 has much to do with it. Personally I think we had too many bubbles this cycle, Tesla, Beyond Meat, Virgin Galactic.

I think Apple's buy backs are pre-planned and can't take advantage of dips like this and any good timing or bad timing is just averaged out.

Eh, I'd say both are true.  It was due for a correction but the virus panic triggered it.  I always like to see what "regular people" are thinking.  I have a colleague and friend who is super cautious and a little bit of hypochondriac.  She went to Vegas for a conference yesterday and wore a mask on the plane.  This, despite the CDC director specifically stating this was necessary and counterproductive.  She said "Im not messing around  It's spreading like wildfire in Europe."  I tried to explain that was a huge exaggeration, but she wouldn't hear it.   Regular people are buying this media insanity.  And the markets are feeling it.  

Your friend is reasonably cautious for an airplane flight, but I agree that surgical masks are a waste for protection, and a much better use for those infected to prevent them spreading it. Frequent hand washing, never shaking hands, not touching your face, and remaining a couple of meters away from others is a proven strategy.

I find the whole "nothing to see here" myopic. Because so much is unknown about SARS-nCOV-19, especially about it's transmission, incubation, and even recovery, there has been a continuing chain of errors by agencies world wide dealing with this. The bottom line is that an epidemic would likely require both containment and mitigation strategies, would stress our medical system, and will lead to a reduced economy or even recession, something the Chinese are going through right now.

Also, let's not forget that the US is the only developed country in the world without universal healthcare. When hundreds of thousands of people need to be hospitalized, who is going to pay for it? Half of the US citizens and permanent residents cannot afford simple medical care, not to mention weeks in the hospital at $5,000 per day. At least, in places like Italy, Germany, and the UK, and Canada, people who get the Coronavirus and need hospitalization will not have to worry about the medical costs. Who is going to pay for quarantining millions of people in special facilities, like what the Chinese had to do? Do you folks realize what this is all leading to? Medical bankruptcies will sky rocket because there is no way in hell that the lower-middle-class and poor Americans without health insurance or with an extremely high deductible will be able to afford even one day in the hospital. Hell, they won't even be able to afford an ambulance ride, which runs between $1500 and $6000.  

The US will finally have to reckon with the decades of dysfunctional governance at all levels by the two major parties because the "free market" will not be able to solve the Coronavirus epidemic problem. 

mdirvin said:

sirozha said:

mdirvin said:

The whole trick is timing.  I bought a bit early Dec. 2018, but still made over 450K.  I'm thinking its still a bit early we have several more legs down, maybe.  Who really knows you just take  your best guess and go with it.  I would ask my 3 year old grandson but he's a few states over right now. I could get as good of advice from him as I any of the "Experts".

Mike

Mike, there's this new invention called "telephone". It's very cool. You can talk to people miles away; sometimes even in another city. Soon, you will be able to speak to your grandson who is 3 states away. Actually, Apple makes a few of these new amazing devices; they call it iPhone. 

Thanks for the timely advice.  I did give him a call just after he finished his morning nap.   He suggested I hold off for a another month for the smoke to clear. 

Mike

I agree with your grandson. He is good enough to succeed Warren Buffet. 

mdirvin said:

The whole trick is timing.  I bought a bit early Dec. 2018, but still made over 450K.  I'm thinking its still a bit early we have several more legs down, maybe.  Who really knows you just take  your best guess and go with it.  I would ask my 3 year old grandson but he's a few states over right now. I could get as good of advice from him as I any of the "Experts".

Mike

Mike, there's this new invention called "telephone". It's very cool. You can talk to people miles away; sometimes even in another city. Soon, you will be able to speak to your grandson who is 3 states away. Actually, Apple makes a few of these new amazing devices; they call it iPhone. 

sjworld said:

It’s one thing to charge as much as they do for their devices, but to charge $400 for some dumbass wheels? You have got to be the most arrogant, shameless, and greedy fucking company to price such a mundane product so high.

Those are not wheels. They are stainless steel balls. 

If Apple continues with the 13” MacBook Pro, it would be stupid on their part. If they want to keep a 13” laptop, keep the MacBook Air as the 13” laptop. The new smaller MacBook Pro should be 14”.