With the markets this week hitting 5% correction level , the VIX index spike to 21.5, and AAPL's near term low price of $415 this is good news for new investors looking for a buy in point. If you buy in now you will be joining a massive share buy back program from Apple itself. Apple is expecting to spend 60 billion as it strikes back against wall street and democratic USA government in financial war. [more]
USA economy has improved, QE3 is still in place at $85 billion per month, this is a far cry from 333 billion a month from QE1 in March 2009. [more]
I would say so....the sellers steam is falling, I saw on "back to the future 2" a finger print payment system in use, then I thought Apple and its new finger print patent, as the "fear" in buying Apple lowers even further the price should move back to its 200 dma at around $520 from its current price of $432. The future of Apple is good.
It seems the market thinks that stock prices should go up everday just like houses, there 250 trading days in a year if the dow rose just 10 points every session the Dow Jones 30 would add 2500 points a year. Once the market hits a new high investors feel that stocks should remain at that value and progress higher over time, but if the value falls a bit investor's fear begin rising. In an unmanipulated market prices should remain stable as real supply and demand factors drive stock prices but in a manipulated market like in the USA stock regulators have allowed the creation of many supply and demand distorters like margin,short selling and naked short selling. Shorting is mainly the deeds of wall street , they will short stocks then through media outlets create a little sell off and buy back the shares at the same time "margin calls" are going out to clients of Wall street firms, once all the margin calls are made and the buyers are "forced" to sell. [more]
The DOW now rests at 14,960.59 I am anticipating a 5% correction at most from recent 52 week high of 15542.40 due to the current bull market in progress, The 5% correction would put the dow bottom at 14765, I am predicting a intra day rise in the VIX index to 18.75, the higher VIX reading of 18 will signal a market bottom, Warren Buffet has 55 billion in cash waiting to buy in big when small folk are hustled out by Wall street media company's like CNBC creating unnecessary fear or hype for it was on CNBC in an interview with Warren Buffet and Becky quick the cat was let out of the bag when Warren Buffet said"we(the richest) have ways to make stocks go down"and then he chuckles on camera, I know what Warren meant by that statement on CNBC, anyways look for a market bottom soon with a VIX intra-day rise to 18-19. Have no fear of the "fear"VIX index use it as your tool,Be like Buffet buy the fear this is not 2009 and the FED has not halted credit like it did in 2008 the exact opposite thing it was susposed to do, later loaning money to the tax payers in the form of bail outs and QE 1 2 3. billions if not trillions more it could have saved leaman and the us citizen and economy but instead followed its motive to destroy consumption on a global scale basicly the resources were running out. [more]