Tim Knight from Slope of Hope's blog
In which Palo Ato out-Vancouvers Vancouver.
I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
Bearish for years, huh, Dennis? Really?
For a huge period of time, Apple was an absolutely awful stock. It had its ups and downs, but the 1983 to 2003, a period of two entire decades, the stock went nowhere.
A 221% return in just one month. But after a moment's thought, it occurred to me............are these guys just adding the numbers together?!?!?
These tasteless, witless leeches will have a life of existential despair if, in their later years, they actually take a good, hard look at themselves.
One would assume that with this kind of evidence, the two chaps being accused would be a little short of plausible excuses. But - nope! - there's one handy, and boy, is it a doozy.
Try to imagine Goldman Sachs or JP Morgan being a single-digit stock these days, and you get the picture.
I have never in my life read such naked hubris from a central banker.
There is one and only one good thing about the near-inevitable Trump/Clinton match-up. It's going to be endlessly entertaining.
The bottom line is that Apple lost its founder, its leader, its passion, and its way. Get used to a double-digit stock. It's got much lower to go.
What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as these charts illustrate.
A picture story in four parts. Your Bezos may vary.
Now allow me to write exactly the same thing using what Slope patron saint George Carlin lovingly described as "simple, direct, honest language"
I'm not going to offer Apple this courtesy. I think the 25% drop they've seen is going to blossom into a nearly 50% drop