The market has gone crazy and I am not sure what is driving the market higher. All indications show most stocks are in overbought territories. looking at the 2003 expansion leading to the 2008 crash, I think we are headed the same path. We have had the long expansion since 2009 and I think we are headed for the same outcome as in 2008. I believe AAPL have topped out and we are headed down.
I'm sure it'll retrace a little (maybe a lot) after earnings, but wait until this fall when their 5G phones come out. This stock is gonna be pumptastic. AAPL stock holders have nothing to worry about until next year, and any drop is gonna be a huge buying opportunity.
Every iPhone owner I know is waiting to buy one including my mom, who also owns AAPL stock. The time to sell AAPL will be 2021 at the 5G phone buying peak.
svacharya
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@hungry_hippo, I agree. This market is different than 2008/2009 in my opinion. With Fed interventions, market may be heading much higher. But watch if Democrats win the 2020 Presidential elections. That may be a catalyst for stock market downfall especially if they do away with the tax cuts act for the corporations and rich.
hungry_hippo
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@svacharya, depends on which Democrat, Bernie/Warren tanks the market, Biden doesn't
UnknownUnicorn3272672
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@hungry_hippo, @svacharya There's currently too much debt in the world. Stores are closing and imf warned last year of 19TN corporate debt. When the crisis starts everyone will save every penny they own instead of buying an iphone and the $16 trillion in household debt is not going anywhere. The economy is only where it is because of fed pumping in dollars into the economy. That wont continue forever..
hungry_hippo
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@whynow111, I thought that in 2008, but even a global economic crsis didn't keep people from buying iPhones. SHorting AAPL this year is financial suicide, unless you have really good timing.
I can see a pullback after earnings, but this will head back up when their 5G phones come out.
UnknownUnicorn3272672
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@hungry_hippo, You could be right... only time will tell.
hungry_hippo
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@whynow111, not sure about the pullback, but I am dead certain about 5G, as long as Bernie isn;t elected, lol.
UnknownUnicorn3272672
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@hungry_hippo, 5g is still in it infancy in terms of coverage. unless you are very techy, I dont see the rush to get 5g. also what services are they to use with 5g? not much.. I do agree that 5g will be the next expansion but I see a big crash before the next market expansion. As Ray Dallio will say, its a market cycle.
hungry_hippo
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@whynow111, 5G coverage is better than you think. There are already some smaller cities with it, I've been surprised. Plus everyone knows 5G is coming, so they've been waiting for AAPL 5G phone before buying a new one.
My mom is holding off her iPhone purchase until 5G. I went Samsung.
5G is ridiculously fast. I think it's faster than my Wifi, lol.
UnknownUnicorn3272672
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@hungry_hippo, my friend, what are your thoughts now?
Every iPhone owner I know is waiting to buy one including my mom, who also owns AAPL stock. The time to sell AAPL will be 2021 at the 5G phone buying peak.