You know what they say, right? ‘What goes around comes around.’ And, ‘What goes up, must come down.’ And, one of my personal favorites, ‘Whatever can go wrong, will.’ Just in case you’ve been depressed over the recent spate of ‘Apple is doomed’ news prior to Apple launching any new products, and haven’t been paying attention to the stock price, Apple’s value just increased about $100-billion in the past few weeks.
What’s going on?
Oh, come on. This should be easy, and why it’s not taught in today’s education system is beyond my pay grade of understanding. That the stock market is manipulated by astute money grabbers should come as no surprise. Among the losers in recent months is Apple’s AAPL, which was drubbed by a depression era drop while the company posted record sales, record profits, record dividends, and record balance sheet.
All those stock market money manipulators appear to have had a plan. While Apple was gearing up for a new barrage of products later in 2013, the stock hit a selling skid which took away a few hundred billion dollars in value.
Now that Apple is poised to introduce a flurry of new products, the manipulators are driving the stock back up again. It’s gained about $100-billion in less than two months, and that surge has attracted the sharks of Wall Street (Carl Icahn, I’m looking at you).
It’s exactly this kind of manipulated volatility and uncertainty in a stock which makes the manipulators wealthy, and which makes market watchers and stock-buying amateurs scratch our collective heads. If only I had a billion dollars to risk in the market, I, too, could pressure Apple into giving me a seat on the company’s board of directors.