Good points and well taken. China's market problems were created by the involvement of the Chinese Government into China's market. Analysts say that the US market is well-insulated from influences from China as 61% of the US GDP is consumed in the US. Needless to say, some US companies that are heavily relying on sales in China are definitely impacted and this can affect US markets. AAPL, more than many other US companies relies heavily on China's market. However, expiring patents, increased competition in the market and lack of new innovative products had more impact on AAPL recently than their heavy dependence on sales in China. Europe is a different situation than China. The EuroZone relies on one currency that will never work equally well for all of the countries that currently are EU members. Greece is the hot spot now but 4-7 other European Countries will experience severe market conditions. Even Germany failed 3 times in the past to pay its debt. Today, the Asian markets are reporting a selloff. Another example of economic problems in the market. In the US market, I predict that commodities are soon going to cause a major downturn and analysts like Harry Dent are predicting a Dow 6000. Also, David Stockman, former Reagan Budget Director, recently issued a market alert. We've all seen the companies coming in with dismal earnings from oil, tech and now media. So, you may ask what is causing all of this? The answer is the IMF having been severely shorted on the Windfall tariffs from the big oil drop. This is the reason for QE and if the US doesn't soon print more money then the US markets will be severely hit and many people will lose nearly half of their pensions and investors will be hard hit if not crippled, imho.
I don't receive any compensation for my posts and all of my posts are only my opinion and should never be used to influence buying or selling of any security
