We fully expect over the next 10-15 days we could see the S&P 500 at 2000 or below,said Matthew Tuttle of Tuttle Tactical Management,because:
1.Greece hasn't been solved.
2.Vladimir Putin.
3.The Fed is the 800-pound gorilla.Once the Fed exits,investors will go with it.*
Ultimately,crude probably does go lower,adds Dennis Gartman,editor of The Gartman Letter.We've broken some down-trend lines.Actually,I own a couple of oil companies to hedge my own position.
The fact is,stocks are going higher.Anybody short of stocks has been in a very difficult position,and will continue to be.The beach ball is still going higher.There's no reason to believe otherwise.A lot of people have been bearish-very smart guys-and they've been wrong.*
Steve Milunovich,IT hardware analyst and managing director at UBS,has reiterated his buy rating on Apple,with a 150.00 price target.Apple is reportedly working on an all-electric minivan type car.We do think the Apple ecosystem is increasing-very important.The change is,Apple is becoming pervasive in consumer lives.It still primarily monetises through its devices,but services is the glue to the story.
CEO Tim Cook has done a tremendous job of putting it all together.If they really do expand,the less they depend on the iPhone,and that's helpful.If Apple goes up to 160-170 dollars per share,it will have a market cap of a trillion dollars.*
Apple Computer(AAPL),iShares Core S&P 500 ETF(IVV),Chevron(CVX),Valero Energy(VLO)
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