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The End of an Eras and a Conversation with Edward Talmor-Gera of NewVest

RiskReversal Pod

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Apple's Stock Opened Down on a Summer Friday

On Friday afternoon, Apple opened down after it's relatively disappointing earnings. It wasn't a bad quarter by any means, but they're just not putting up the sort of growth that would justify the multiple. The stock opened down a few percent and then at 2 p.m., it dropped a percent and a half in the late in the afternoon. That is signaling something to me that we're probably way too complacent about those lag effects and the risks.

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