Is the market trying to price in some disastrous number from Apple (AAPL) , one that makes its 15 p-e multiple much too high given a pending collapse in earnings?
Is it saying that, instead of getting $2.64 it's going to give us a $1.64 or worse, which will just bring the world to a halt?
Its occurred to you as we see endless companies get their guidance cut because of Apple that there is no way that Apple can possibly make up for whatever number it prints with a stock buyback. It's just too much of a potential fall to be anything but Humpty Dumpty like.
I think that Apple's a huge part of the problem here. So's trade. So's raw costs.
So are all the usual gremlins.
I just want you to be aware that an Apple collapse is strong enough to collapse the market, the only stock I have ever seen that could have such an impact.