Known for his wry sense of humor and thought provoking commentary, nationally syndicated editorial cartoonist Walt Handelsman attacks the pressing issues of the times. His entertaining and insightful cartoons cover topics ranging from national and local politics to social concerns.
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Ms. Ima said, 4 months ago
? Apple is a large part of most people’s retirement 401(k). What is wrong with it? People can’t wait for the new Apple product.
wmconelly said, 4 months ago
Apple’s bringing back work from China to the US of A. They’ll be paying US wages instead of pennies on the dollar so they won’t be as profitable to our Big Financial Brothers and their Holding Companies. It’s a Romney world folks.
wmconelly said, 4 months ago
PS — If the cartoonists are startin’ to cry; it’s probably time to buy.
Jase99 said, 4 months ago
I read an article in USA Today last week that suggested the real reason for the downturn in stock is how the company reports its earnings expectations. Under Steve Jobs, the company released grossly underestimated earnings forecasts the company would routinely easily surpass. Under new CEO Tim Cook, the company now releases more realistic earnings estimates. While the company still surpasses the more realistic expectations, less savvy investors assume the company is not doing as well as when earnings forecasts were grossly under estimated.
mikefive said, 4 months ago
Misery is having bought Apple at $705 back in September. Today’s close—$449.
mickey1339
said, 4 months ago
@wmconelly
“Apple’s bringing back work from China to the US of A.”
Don’t get too excited. They are bringing back production of one computer from their mac line, their least profitable and lowest sales volume. All of the iphone, ipad, ipod etc will still be made overseas. It equals about 2% of their production money spent.
http://online.wsj.com/article/SB10001424127887324640104578162992446387774.html
mickey1339
said, 4 months ago
@Jase99
" less savvy investors assume the company is not doing as well as when earnings forecasts were grossly under estimated."
Agree and disagree. Apple didn’t meet analysts expectations on their last earnings call and the stock took a huge hit on that. It was selling off prior to that because “rumors” had it that they were not able to meet demand with production of Ipads and phones, and the stock started selling off. Keep in mind though that a lot of big money has huge profits built up in this stock and many wanted to sell and take profits. Some to avoid higher 2013 capital gains, others just to book year end profits.
dtroutma
said, 4 months ago
Uh, I now folks who bought quite a bit at $35 a share.Yes, it took a little dive, but it once again proves how WRONG the market is run today by brokers. Stocks should be long-term investments, not overnight swaps. That’s one good reason to look at raising capital gains to the same level as gambling earnings, and collect as soon as they turn a profit, just as those nice IRS dudes do at the casinos if you hit a big win!
mickey1339
said, 4 months ago
@dtroutma
" but it once again proves how WRONG the market is run today by brokers."
Trout, I am a stock trader. I day trade stocks, invest long term, trade options and commodities. You make very rash statements with absolutely no substantiation, as in this apple stock issue. Great that your friends bought apple for $35 in 2005 and now it’s worth over $400. I’m glad they made that kind of profit. I’m not a broker and i am a day trader. So are millions of other individuals that trade online and manage their own accounts.
Markets have traded on a short term basis since formal markets started, for hundreds of years. I would really like to hear your theory on
WHY you make such rash statements and the logic you use to back them up. Considering there are millions of trades executed daily just in the U.S. I think it would be a rather daunting task for the IRS to collect from all that execute trades.
Oh yes, short term trading is treated as ordinary income, like gambling winnings. Long term trades (like your friends) are taxed at a lesser rate.
dtroutma
said, 4 months ago
^Simple, the purpose of selling stock is to get the money to build your business, make improvements, and pay back the folks over time with dividends. We own stocks too, and mutuals. While someone else trades the latter, we usually keep our stocks for the dividends, not just growth (but yes that’s nice). Day trading IS gambling, sorry, personal view, but not only mine. Computes making those trades, thousands per second based on algorithms is even “weirder” when considering the original purpose. Likewise, “futures” markets used to see “speculators” actually have physical control of the product for a period of time, be it oil, or grains, etc. That market too has gone bananas. (Chiquita might lose her skirt, and her shirt.)
josefw
said, 4 months ago
@dtroutma
Sounds like you are rich. I don’t think you are paying your fair share in taxes.
Or are you just another liberal hypocrite?
dtroutma
said, 4 months ago
Slightly above “median”, but smart enough to save, invest, and care about my country, not just my friggin’ wallet, after 50 years of working, retired, and worked for many years with disabilities, so find the real hypocrites to be those on the right, sucking up “entitlements”, when they complain bitterly if they feel they aren’t getting “their” share, or have to pay taxes, like I have since age 11 for SS and income.
DrCanuck said, 4 months ago
And under Obama’s leadership, the Dow topped 14,000 today.
(He’s the worst socialist I’ve EVER seen.)
kballweg
said, 4 months ago
Two things have effected this price drop:
1. People taking gains before the expected tax increases go into effect.
2. Short sellers manipulating the stock price (through WSJ and Forbes speculative articles based on rumors).
None of which reflects the company’s true value, but rather the nature of the high stakes casino that is wall street.
http://bit.ly/143O16y
Gypsy8 said, 4 months ago
Apple will continue to be a very profitable company, but it is difficult to maintain biggest company status with a fairly narrow, highly competitive product line. I’d like to see Apple pay out some of that cash stash in dividends.