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  • AAPL officially enters bear market, stock down >20% since last month

    AAPL stock has officially entered a bear market as its stock has fallen more than 20% from its high on October 3. A stock, or a market as a whole, is considered to be in bear territory when its price has fallen 20% or more from its highest price in the past 12 months. AAPL entered a bear market when it fell by 3.96% in yesterday’s trading, making a total decline of 20.3% in less than two months … more… The post AAPL officially enters bear market, stock down >20% since last month appeared...

  • Amazon falls into bear market a little more than two months after hitting $1 trillion market cap

    Amazon shares dipped into bear market territory Monday as the e-commerce giant added to a 20 percent decline from all-time highs reached back in September.

  • Bank stocks fall the most in 18 months, tumbling into a bear market (C)

    US bank stocks are leading equity markets lower with Morgan Stanley down 4.2% and JPMorgan dropping 3.5%. The KBW Bank Index turned in its biggest two-day loss in 18 months, tumbling into a bear market. Citigroup is down 5.7% after it said it could miss key performance goals and fourth-quarter revenue targets.  The yield curve is flattening, which could end up hurting the profitability of banks in the future. Bank stocks are plunging as global equity markets continue their sell-off, driven by a...

    Business Insider
  • Why Bank Of America Expects Stocks To Hit "Big Lows" In The Next Few Months

    Late in January, just as the market was enjoying an unprecedented melt-up ahead of the February VIXplosion which sent the S&P on its first of two corrections in 2018, Bank of America published a warning report, titled "Our Sell Signal Was Triggered On Jan 30, S&P 2686 Is Next" in which chief investment strategist Michael Hartnett explained why he was convinced that a drop as much as 12% was imminent in the coming weeks. He was spot on, with the S&P tumbling within days, hitting hit...

    Zero Hedge