Apple down 21%
 

Good.



.....

I take it you don't have Apple stock.

I'm damn sure going to get some at that price. It will recover that and grow easily.

obviously

I have weaned myself off everting Apple and have put the family on notice that I will not be replacing their Apple products with Apple products. (2 phones and one laptop still in use in the family)

Stocks have been way way way overpriced for a long long time.

This is due to the ridiculous uneven distribution of wealth which leaves the 1% with so much money they don't know what the fuck to do with it so they plow it into the stock market thereby bidding up the prices.

If the Dow gets down to 4800, I might think about maybe buying.

Not a minute before that.

If the Dow drops to 4800 you prob. won't be receiving that gov. retirement check for awhile.

There was a tie when the market capitalization of a company actually had some relationship to what it's real worth was.

And when companies paid these things called "dividends" which people bought stocks for.

We need to get back to those days instead of this Wild West Casino that is today's market.

As of right now the DJIA is at $16,005.73.

Looks like a Yo-yo kind of morning.

So it goes with the Wall Street casino. Too bad every one can't be an informed insider.

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Change the GW Bush era tax loophole on Capital Gains Tax Rate. If one can make a living by investing in stocks, your tax rate will be half of wage earners. This is the main reason why the stock market has become a legal casino. So Bush as he bailed out the crooks to begin with gave them all a reward for their bad habits. Now we know why the GOP does not want any reforms in the financial sector. Both Buffet and Sanders have highlighted this loophole.

http://www.bankrate.com/finance/taxe...it-rich-1.aspx