Apple trading humor

11 Comments

  1. Daniel Epstein said:
    I think any attempt at Gallows humor can be worthwhile. May be too soon but hey comedy often has a bite. By the way I think it is time to look back at the earnings reports for this quarter and farther back to compare how the market is treating stocks badly even if they reported good earnings. And some stocks which reported poor numbers are not being treated bad enough if the whole market is rerating P/E’s. Apple is basically being treated like the Iphone 13 cycle and the other products they refreshed and introduced was poor. According to CNBC
    Amazon Forward PE 63 MSFT Forward PE 25.93 Apple Forward PE 23.18 Alphabet Forward PE. 19.91

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    May 12, 2022
    • Daniel Epstein said:
      To Continue
      Tesla Forward PE. 63.96
      Meta Forward PE 16.08

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      May 12, 2022
  2. Fred Stein said:
    “markets can remain irrational a lot longer than you and I can remain solvent.”

    Per Gary Shilling, twice named Wall Street’s top economist in a poll conducted by Institutional Investor magazine, circa 1983.

    Hopefully we’re invested, not over-extended. Hopefully this turbulence does two things: Make buybacks more effective; shake out the fluff.

    4
    May 12, 2022
    • Daniel Epstein said:
      Sometimes it seems the market is much more in the thrall of the irrational than the rational.

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      May 12, 2022
      • Robert Paul Leitao said:
        Daniel: That’s what sources the wealth creation opportunities. If equity prices were always rational all the time, there would be fewer opportunities for real gains over and above the rate of inflation. Of course, there’s also the increased of not quite getting it right. I’m thinking of latecomers to the Netflix party so-to-speak, for example.

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        May 12, 2022
    • Mark Visnic said:
      @Fred

      If I recall correctly, that quite is attributable to John Maynard Keynes, circa 1936.

      It’s a great line.

      Keynes also said:

      Long run is a misleading guide to current affairs. In the long run we are all dead.

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      May 12, 2022

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