Analysis: Apple's swoon exposes risk lurking in mutual funds

Comments (6)
brotherkenny4 wrote:

Traders build their own bubble around apple and then whine when reality sets in. Did anyone really think apple had a real value over $600? How about even $500? The traders are disconnected from reality living in their own bubble of false correlations. We see it every day, the reaction of the market to the most insignificant and incomplete information. In the past I thought this was just the industry manipulating potential investors, but now I think they believe their own rhetoric.

In the end, what would be so bad about the investor class taking a hit? Will they treat us any crappier than they already do? I don’t see how that is possible. We are slaves and I don’t think there are levels to slavery. Okay, maybe there are field slaves and house slaves.

Dec 21, 2012 1:03pm EST  --  Report as abuse
cyke1 wrote:

A lot of people did think it was valued over 600$, cause Apples profits pushed it that way. Problem starts to set it cause apples inherit Closed system. Its gotten to a point you need to buy another apple product or it won’t work well with anything else. Which means playing almost 2x more then what product is really worth. Most recently apple switching cables on their devices to another adds another 100$ on to apple products you have to buy. Throw on top the fact that newest products are only slight updates over the old ones and even the new ones for example the ipad mini where they could added a feature in it to set it above anything else, they held that feature off for next one. So now you got a product selling for 320$ that is pretty much identical to a competitors product that sells for 200$. Company like apple will get away with it for a short time but eventually people start to wonder what are they really getting besides the logo on the back. With all the slight updates they do every 6-12 months you got competitors that have made up ground with a device that is in some ways Better and cheaper.

Dec 21, 2012 2:15pm EST  --  Report as abuse
tmc wrote:

What a terrible financial system we’ve created. So many people get hurt. So many self-justify it too. So many innocent people…

Dec 23, 2012 8:00am EST  --  Report as abuse
nose2066 wrote:

With the Federal Reserve holding interest rates to near zero, Ben Bernanke is telling widows and orphans that they have to invest, regardless of whether or not they understand what they are doing.

Dec 23, 2012 9:52am EST  --  Report as abuse
Harry079 wrote:

Just how many apples will it take to spoil the whole bunch?

Dec 23, 2012 10:34am EST  --  Report as abuse
Bagehot wrote:

@cyke1
You’re right, this is about consumer lock-in not the best technology. You can have an H-P printer, Nokia phone, Seagate external drive, and Logitech mouse all connected to a Toshiba PC, and it works fine because they can speak Windows. Remember when MSFT was accused of lock-in? They were even taken to court. But no one says anything about AAPL. Not on pricing, not on distribution, anything. One day the lid’s going to get blown off Apple. Wait and see.

Dec 23, 2012 10:42am EST  --  Report as abuse
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