Apple Loses $57 Billion Mkt Cap: Thanks Communist China

Apple, like many other capitalist free-market American enterprises, is paying the price of willful gullibility. 

China is COMMUNIST, Dah! They execute more people each year than all other nations combined; do you need a new liver?

https://www.washingtonpost.com/news/worldviews/wp/2012/11/05/yes-china-still-harvests-organs-from-executed-prisoners/?noredirect=on&utm_term=.de0a9715388e

Americans willfully ceded their "exceptionalism" to the dustbin of history. Ideals such as Freedom, Liberty, the Rule-of-Law, Democracy, and Self-determination are not considered part of American life anymore. What is important to most Americans is the price of consumer goods, most of which are manufactured under the coercive rule of communist China. As China implodes from the trade war and the Feds non-renewal of $50 billion a month in Treasury bonds, American firms will turn to other cheap labor societies. Hence, American firms will turn to Vietnam, another coercive communist nation.

America provided China with 40 years of prosperity. Over 600 million people have been brought out of poverty since China joined the WTO in 2001. It has been the largest transfer of wealth in human history, which really is deceiving because America borrowed the money it squandered. 

Communist governments control the factors of production; when foreign companies become a threat or can be used as leverage in a trade war, the government informs its population that the foreign product is not to be purchased. Any Chinese person buying the foreign product can be fired, so there is an immediate impact. Coercion works when you have the power of life and death over individual lives.

It is unfortunate Americans chose cheap toasters over economic freedom, human rights, and the rule of law. 

America, the leader of the free world, is in serious jeopardy of collapse, which will, in turn, spark a global war and tyrannical rule. 

Americans have no one to blame but themselves. The Magna Carta and U.S. Constitution used to mean something. 

https://www.cnbc.com/quotes/?symbol=aapl&qsearchterm=aapl

https://www.bbc.com/news/business-46742871

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2 hours ago, Microbio-glutonist said:

Apple, like many other capitalist free-market American enterprises, is paying the price of willful gullibility. 

China is COMMUNIST, Dah! They execute more people each year than all other nations combined; do you need a new liver?

https://www.washingtonpost.com/news/worldviews/wp/2012/11/05/yes-china-still-harvests-organs-from-executed-prisoners/?noredirect=on&utm_term=.de0a9715388e

Americans willfully ceded their "exceptionalism" to the dustbin of history. Ideals such as Freedom, Liberty, the Rule-of-Law, Democracy, and Self-determination are not considered part of American life anymore. What is important to most Americans is the price of consumer goods, most of which are manufactured under the coercive rule of communist China. As China implodes from the trade war and the Feds non-renewal of $50 billion a month in Treasury bonds, American firms will turn to other cheap labor societies. Hence, American firms will turn to Vietnam, another coercive communist nation.

America provided China with 40 years of prosperity. Over 600 million people have been brought out of poverty since China joined the WTO in 2001. It has been the largest transfer of wealth in human history, which really is deceiving because America borrowed the money it squandered. 

Communist governments control the factors of production; when foreign companies become a threat or can be used as leverage in a trade war, the government informs its population that the foreign product is not to be purchased. Any Chinese person buying the foreign product can be fired, so there is an immediate impact. Coercion works when you have the power of life and death over individual lives.

It is unfortunate Americans chose cheap toasters over economic freedom, human rights, and the rule of law. 

America, the leader of the free world, is in serious jeopardy of collapse, which will, in turn, spark a global war and tyrannical rule. 

Americans have no one to blame but themselves. The Magna Carta and U.S. Constitution used to mean something. 

https://www.cnbc.com/quotes/?symbol=aapl&qsearchterm=aapl

https://www.bbc.com/news/business-46742871

Dow futures are down by 350 points thanks apple!!

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12 hours ago, Adrian Hernandez said:

Dow futures are down by 350 points thanks apple!!

 

4 hours ago, Marina Schwarz said:

The dangers of entrusting one company with too much money & power.  If we'd defended other industries instead of going all-in on Big Tech, we wouldn't have this problem. 

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You would have to look hard on the financial pages to find anything about this event that was triggered out of Japan (USDJPY), but this is some of what happened overnight in the currency exchange markets.  This was not a fluke, although the fact that Japan is still officially on a holiday week didn't help ("thin" markets).  One company can cause this kind of tidal wave = the markets have much bigger problems.

image.thumb.png.b9b9790df455aaf7797e6388ebe667b8.png

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17 minutes ago, Dan Warnick said:

You would have to look hard on the financial pages to find anything about this event that was triggered out of Japan (USDJPY), but this is some of what happened overnight in the currency exchange markets.  This was not a fluke, although the fact that Japan is still officially on a holiday week didn't help ("thin" markets).  One company can cause this kind of tidal wave = the markets have much bigger problems.

image.thumb.png.b9b9790df455aaf7797e6388ebe667b8.png

 

Yes, you are correct. There are some issues with currency trading, the dollar, algorithms, and the trade war. Nervousness about many issues is causing the markets to react in a very volatile manner. "The Market" is telling us something, which may lead to further declines. Let's see how the market ends the day and week. Friday will be a big news day, Thursday will also have some potential movers. Thanks!

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1 hour ago, Microbio-glutonist said:

Yes, you are correct. There are some issues with currency trading, the dollar, algorithms, and the trade war. Nervousness about many issues is causing the markets to react in a very volatile manner. "The Market" is telling us something, which may lead to further declines. Let's see how the market ends the day and week. Friday will be a big news day, Thursday will also have some potential movers. Thanks!

Thank you.  What are the news events you expect today and tomorrow?

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2 hours ago, Dan Warnick said:

Thank you.  What are the news events you expect today and tomorrow?

Wednesday Jan 02, 13:55 United States  Redbook index (YoY) Low 7.8%  
Wednesday Jan 02, 13:55 United States  Redbook index (MoM) Low

0.1%

Wednesday Jan 02, 14:45 United States  Markit Manufacturing PMI Medium 53.9  
           
           
Thursday Jan 03, 08:30 Hong Kong SAR  Retail Sales Low 5.9%  
           
Thursday Jan 03, 12:00 United States  MBA Mortgage Applications Low -5.8%  
Thursday Jan 03, 12:30 United States  Challenger Job Cuts Low 53.073  
Thursday Jan 03, 13:15 United States  ADP Employment Change High 179.0 175.0
Thursday Jan 03, 13:30 United States  Continuing Jobless Claims Medium 1.701  
Thursday Jan 03, 13:30 United States  Initial Jobless Claims High 216.0  
Thursday Jan 03, 14:45 United States  ISM-NY Business Conditions Index Low 67.8  
Thursday Jan 03, 15:00 United States  Construction Spending (MoM) Medium -0.1% 0.3%
Thursday Jan 03, 15:00 United States  ISM Manufacturing PMI High 59.3 58.0
Thursday Jan 03, 15:00 United States  ISM Prices Paid High 60.7 58.0
           
Thursday Jan 03, 20:30 United States  Total Vehicle Sales Low 17.5 17.2
Thursday Jan 03, 21:30 United States  API Weekly Crude Oil Stock Low 6.92  
           
Friday Jan 04, 00:30 Hong Kong SAR  Nikkei Manufacturing PMI Low 47.1  
Friday Jan 04, 00:30 Japan  Nikkei Manufacturing PMI Low 52.4 52.4
Friday Jan 04, 01:45 China  Caixin Services PMI Medium 53.8  
           
Friday Jan 04, 13:30 United States  Average Hourly Earnings (YoY) High 3.1% 3.0%
Friday Jan 04, 13:30 United States  Average Weekly Hours High 34.4 34.5
Friday Jan 04, 13:30 United States  Unemployment Rate High 3.7% 3.7%
Friday Jan 04, 13:30 United States  Average Hourly Earnings (MoM) High 0.2% 0.3%
Friday Jan 04, 13:30 United States  Labor Force Participation Rate High 62.9%  
Friday Jan 04, 13:30 United States  Nonfarm Payrolls High 155.0 178.0
Friday Jan 04, 14:45 United States  Markit PMI Composite Medium 53.6 54.7
Friday Jan 04, 14:45 United States  Markit Services PMI Medium 53.4 53.4
Friday Jan 04, 15:15 United States  FOMC Member Bostic speech High    
Friday Jan 04, 15:15 United States  Fed's Powell Speech High    
 
Friday Jan 04, 15:30 United States  EIA Natural Gas Storage change Low -48.0  
Friday Jan 04, 16:00 United States  EIA Crude Oil Stocks change Medium -0.046  
Friday Jan 04, 18:00 United States  Baker Hughes US Oil Rig Count Medium 885.0  
           
Friday Jan 04, 20:30 United States  CFTC Gold NC net positions Low    
Friday Jan 04, 20:30 United States  CFTC Oil NC net positions Low    
Friday Jan 04, 20:30 United States  CFTC USD NC net positions Low

 

 

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Oh.  Is that all.  :) 

Do you have a link to where all that is in one place?  Thanks.

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