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Message Subject Stock Market Is Going To Carsh Tomorrow? Breaking: Apple Earnings Miss, Cut Q4 Forecast To $11.75 From $15.45, And iPad Is Weak
Poster Handle Anonymous Coward
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Stock Market Is Going To Carsh Tomorrow? Breaking: Apple Earnings Miss, But iPhone Crushes, Cut Q4 Forecast To $11.75 From $15.45, And iPad Is Weak

Here is what Apple reported versus expectations here. (Expectations via Gene Munster at Piper Jaffray.):

Revenue: $36 billion versus $36 billion expected.
EPS: $8.67 versus $8.81 expected.
iPhone: 26.9 million versus 25.3 million expected.
iPad: 14 million versus 15 million expected (See below for explanation on this estimate).
Mac: 4.9 million versus 5 million expected.
iPod: 5.3 million versus 5.5 million expected.
Gross Margin: 40% versus 40.5%
December quarter revenue: $52 billion versus $54.9 billion expected.
December quarter EPS: $11.75 versus $15.45 expected.
Cash, short term, and long term securities: $121.3 billion.
Apple's estimates has been cut a week ago

[link to www.businessinsider.com]

Conditions Worse Now Than On Black Monday: Safe Haven Flows Moving Into Gold, Not Treasurys, Japan Is In Danger of Imminent Technical Default, China's Real Growth Is 0%, Stock Market Is Heading To An Earning Shock And Spain Is Totally Beyond Saving

The economic backdrop that sparked the stock market crash of 1987 is still in place and has grown worse, says Peter Schiff, CEO of Euro Pacific Capital.

In 1987, “the market was spooked by concerns over international trade and government debt, which then became known as the twin deficits" — the budget deficit and the trade deficit, Schiff writes an economic commentary.


The deficits together totaled 6.4 percent of gross domestic product (GDP) then.

Flash forward to now: the deficits add up to 13 percent of GDP. “But today's investors are largely untroubled,” Schiff says.


With the Fed so committed to quantitative easing, stocks might escape a crash, but not the dollar and Treasurys, he notes.

“Black Monday is more likely to occur in the currency and/or bond markets, with safe-haven flows moving into gold, not Treasurys.”

[link to investmentwatchblog.com]

 Quoting: waht

I don't think the US stocks (ponzi) will ever "crash" more than a few percents unless Bernank says "no more QE," which we all know he will NEVER do, so the question is what will happen?

He can not juggle low interest rates and keep printing money because this acts like a coiled spring. The more he holds it, the tighter the pressure. It will all explode at once into a hyperinflationary collapse. Even German bonds will not be safe because they are all linked. In the end only gold and silver will hold value which is why they do not want you to have them! And finally world war. Then maybe a new world currency backed by gold? Who knows?

Really since 2008 Lehman collapse, it exposed what it all is --- an illusion of "wealth" or what people perceive to be "value" when in reality you have a system built upon fraud and corruption and it will take only something small (maybe November 6th Sandy storm to hit NYC) to cause it all to collapse.

And people still have money in the banks and think everything will continue for all eternity as status quo?

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