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Lets face it, he was probably thinking about his Apple shares when writing this article.
by louislouis 18y ago
Lets face it, he was probably thinking about his Apple shares when writing this article.
- mattmaroon 18y agoThat's the only logical explanation. As he himself points out, people shy away from expensive products in bad times. When your liquid net worth drops by 25% in one week, you switch from buying the products you believe to be the best to the ones that provide the most value. I know multiple people who are now considering postponing their retirement. A $500 Dell is going to be their laptop of choice. Apple as a company is in great shape, especially with that balance sheet, but I wouldn't look for their stock to soar any time soon.