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Posted

I predict a number of weak countries will exit the Euro is 2012 and greatly devalue their currencies... the list of suspects includes Greece, Spain, Portugal, Ireland and perhaps even Italy! I don't see any other way for them to pay back their debts.

 

Surprisingly, the US is also in a similarly dire situation with their massive debt. Being the reserve currency is temporarily shielding them from repercussions since they can "print" to cover their obligations.(This just expands the debt further!). However at some point I expect their creditors to tire of this charade... and I believe loss of reserve currency status could cause a devastating worldwide calamity, the likes of which none of us have ever seen! Timing on this is uncertain, but I maintain a portion of my portfolio in Gold as insurance.

Posted

saxo believe apple drop 50% kekekeke...

 

If there is another serious global economic crisis, like the one in 2008, all stocks will drop, and that includes apple. I think apple's best days are behind it, now that Jobs is gone. I hope not, but that seems very likely to me.

Posted
actually with jobs gone, the new emerging tech leader happens to be samsung and its galaxy series. apple has lost its midas touch and this will be reflected in the price of its stock in the coming months as all the other competitors start to eat at its market share. in fact, microsoft currently stands out as a potentially good tech buy because it has the chance to fight with apple and its products, not to mention its amazing cash horde.
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Posted
i agree with saxo, apple is now having big problem with the mountain of cash , they are holding a lot of money, but dont know what to do with it. moreover, apple is not paying dividend at all.
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