Why Apple Will Enter A Bear Market In 2016

Apple is the darling of many investors. The expectation is that the company can do no wrong. Such unrealistic expectations are always shattered. It’s just a matter of time.

Hedge Funds loved Apple. Carl Icahn bought over 53 million shares, and the Apple ‘groupies’ on the internet insult everyone who pointed out the future negatives with four letter words instead of facts.

Apple: Like A Tired Old Race Horse

Posted on Forbes.com

As early as September 2012 I predicted the bear market in Apple stock on twitter.com and to our clients. In my articles on Forbes.com as early as December 5, 2012, the headline was Seven Reasons Why I Wouldn’t Own Apple Stock Now.  That was followed by an article in January this year, Six Reasons Why I Still Wouldn’t Own Apple Stock.

Last year I first predicted a price target of $520. That was not very popular.