Ten
days ago everybody hated Apple. The
masters of hindsight started their hating AFTER it already fell 18% in a month.
They said Apple's prospects were drying up.
Then Warren Buffet said he bought a cool billion dollars worth. Suddenly everyone thought it was okay to buy
Apple again. Today Apple's suppliers are indicating Apple's sales will by huge
again. The stock is up almost 8% since
everyone started hating it. So what's a
guy or gal to do? Buy a portfolio of
good stocks, like an S&P 500 mutual fund, hold it for the long term and
stop listening to the masters of hindsight. And if you think that this message is telling
you to buy a bunch of Apple then you aren't paying attention.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com
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