Apple CEO Cook Says China Will Overtake U.S. as Biggest Market
Apple Inc. (AAPL) Chief Executive Officer Tim Cook said China will overtake the U.S. to become its largest market, as the iPhone-maker adds more stores and considers debuting new products in the country.
Bill Cara's Week in Review #3, 2013
January 13, 2013 by Bill Cara
[11:59 am ET Sunday] I stand by the enthusiasm expressed a week ago in these pages because (i) QE is now happening around the world, and (ii) any time over the past 45 years that I have been trading whenever equity prices boomed and bond prices plummeted to the extent they did over a two day period a week ago it happened that the broad equity market was higher and the bond market lower 90 days later.
So despite prices being high at present, as seen by the many RSI-7 levels exceeding 70 for the Daily and Weekly price series data, I am looking to the longer term. In that regard, I see room in the Monthly RSI-7 data for equity prices to continue higher.
Short-term, whenever you see elevated RSI-7 levels the only conclusion you can draw is that price risk is high, which means that stop orders and closer than usual portfolio monitoring procedures are essential.
But, as I opined a week ago, whenever the marketplace decides to move large investment positions from bonds to equities, it is a whole new ball game.
From this point forward, bonds will be dumped in favor of equities, and the central bankers will have increasingly more difficulty selling treasury issues at less than market rates. Since the yields will not explode overnight, precious metals will now rally, and rally hard – unless the Fed and ECB decide to sell large tonnage of their holdings into private market hands or, at lower than they could get from the private sector, to central banks in emerging economy countries.
I also opined as follows: