12-18-18: Apple Shares Could Fall Another 10 Percent Before Stabilizing, Technician Says

InvestTalk

Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors

News Commentary, Business News, Business, Investing, News, Entrepreneurship

4.4 • 1.5K Ratings

🗓️ 19 December 2018

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Tracking for its fourth straight month in the red, Apple has lost nearly one-third of its value since October 2018 highs.
Today's Stocks & Topics: Inherited I-R-A, BTI - British American Tobacco PLC ADR, BTG - B2Gold Corp., Bond Funds, VGR - Vector Group Ltd., Bonds vs. Treasury Bonds, Robin Hood App.

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Transcript

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0:00.0	This podcast is produced by KPP Financial, Steve Peasley President,
0:10.4	KPP Financial, Independent thinking, shared success.
0:15.0	And now today's podcast.
0:17.0	Good afternoon everybody and welcome to Invest Talk it is what Tuesday
0:26.1	December 18th 2018 Christmas is not far off I hope you've done a lot of your
0:31.0	shopping get it behind you so I'm Steve Peasley and I thank you've done a lot of your shopping. Get it behind you. So I'm Steve Peasley and I thank you
0:34.7	for joining me today on Invest Talk. Our daily objective here is to make you an above average
0:39.0	investor. To help you achieve that goal, I promise to provide unbiased insight as best I can.
0:44.5	And along the way, I also welcome your investor questions.
0:48.8	That's how that's how the show goes.
0:50.9	That's how it progresses with your questions. And you get through any time we want right now. You can call our anytime listening line 888 99 chart. Well, the Dow opened up this morning. It was pretty strong for, you know, half hour or so.
1:06.0	Then not so strong. After half hour, 24, the Dow 30 stocks were in the rent.
1:11.0	They did end up up up, the market did today, but not with anything in
1:17.0	industrial. I mean, the Dow has lost about a thousand points in the last two sessions alone.
1:22.0	The S&P opened up but remember it has lost
1:25.2	trillions of dollars from market cap already. I'm going to step up on a limb
1:31.0	today I'm going to say that we are in a bear market. I've been saying
1:34.8	we've been in a stealth bear market because the official definition we
1:41.0	didn't get there but I think we think we're in a bare market. I think I might have to
1:46.2	And I'll explain it a little more details that the show goes along. So the S&P was up, but do you see what it ended up being? Not even a point.
1:57.0	Two-tenths of a point, three-tenths of a point with a day.
2:00.0	All the big tech stocks opened up.
	...

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