AMZN and AAPL were both looking pretty subdued as 2018 ended, implying DaBoyz are not feeling so gutsy even though tax selling is out of the way. Merely bullish buying will always take a back seat to short-covering as a source power behind the rallies, but it remains to be seen whether there will be enough “good” news to panic bears. There were some border-wall stories on the tape that wouldn’t rate a yawn on Wall Street. But if the Dems crank up impeachment talk and their dirty-tricks squad to start the new year, it’s going to take a toll on stocks.
Where Are Freaked Out Bears When You Need Them?
- January 2, 2019, 5:55 am
May 2016: Berkshire Hathaway Announces Stake in AAPL [9.8 million shares at $109.00 per share average / original value: $1.1 bln] — position
WB said, “I would buy all of it if I could”.
The recent low of AAPL is 146.59, 33% from that 109 buy in point of WB.
More important was the timing of 11/05/2018 of BRK gaping buy in at 212 level now trading at a recent 186 level low point.
The breaking of this 186 level low in the future is cause for a drop to the 100 level, and lower.
The very slow turn in market pricing brings concern towards those that just cannot hide.
As, mention William C. Durant of the 1930’s the man of the times as WB today.
The downward turn in the DXY market double and triple high point will be seen as bullish for the equity market, till its not.
2018 has the ending of 3 major market mania something quite never done in just 1 year of time before.
1) Bit coin
2) 10b-18 rule buy back rule.
3) Trump Low Valug broken, major stock market blow off.
Have a great day today Rick.