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[XiaNaphryz]

http://www.sfgate.com/business/article/apple-inc-aapl-stock-loses-220-billion-6743895.php

Tech stocks took a beating Thursday, the worst one-day drop on Wall Street since late September.

The latest bout of market volatility came after China allowed its currency to weaken further, a dangerous omen for the world's second-largest economy. That helped set off a 7 percent plunge in China's main index, causing trading to be halted after just 30 minutes.

The downturn in the U.S. has been concentrated in technology stocks, which could suffer if demand for iPhones and other electronics weakens.

Apple, the world's largest publicly traded company, had its biggest loss in four months and fell to its lowest price since October 2014. Apple sank 4 percent Thursday and has now fallen 27 percent since July, just over $220 billion in market capitalization. $100 billion of that has come in just the last month.

Thursday's drop pushed the tech-heavy Nasdaq composite index into what market watchers call a "correction," or a drop of 10 percent from a recent peak. The Nasdaq has fallen for six days straight.

Google's parent company, Alphabet, dropped $17.23, or 2.32%, Yahoo dropped $2, or 6.2% and Facebook fell $5.05 dollars a share, 4.90 percent.

On the Dow, LinkedIn dropped $9.10, just over four percent. Oracle was down only $.78, or 2.18 percent.

While the Nasdaq is so far the only major U.S. index to enter a correction, the other two are getting close. The Dow average is down 9.8 percent from its peak in May, and the S&P 500 index has lost 8.8 percent since then.

 

[Slayven]

*Stocks up on gold and MREs*

 

[Omiee]

is this the best time to buy?

 

[Michael F. Assbender]

Brb. Buying Apple stock.

 

[alejob]

Yes. In fact I have I will sell to you.

 

[massoluk]

Every stock dropped last Thursday, I got multiple -2% on mine that's not Tech.

 

[djplaeskool]

*Stocks up on gold and MREs*

Gold is still sliding downward in value after peaking in 2012.

 

[nib95]

is this the best time to buy?

I would say no. The Chinese markets are crashing. It could still have more of a knock on effect on the global markets.

 

[ClosingADoor]

Hoarding Bitcoin as we speak!

I'm doing nothing for now. See how this ends up.

 

[Usobuko]

is this the best time to buy?

Depends on what you buy, your personal evaluation and risk appetite.

I tend to go for long-term with uptick catalysts in the short-term.

 

[Slayven]

Gold is still sliding downward in value after peaking in 2012.

Are you Glen Beck?

 

[Randolph Freelander]

is this the best time to buy?

It's always the best time to buy stock. It's not often the best time to buy individual stocks, however. Diversify, and buy early and often.

 

[Kurdel]

Are you Glen Beck?

Glenn Beck argued that gold will only go up, no?

 

[Wowfunhappy]

 

[RedNalgene]

It's always the best time to buy stock. It's not often the best time to buy individual stocks, however. Diversify, and buy early and often.

This. But I wouldn't jump into Apple just yet - this correction likely isn't over yet. Plus, all of Apple's suppliers have taken a beating based on Apple's latest guidance. Apple might take a bigger hit once they report earnings on the 26th.

 

[ColdPizza]

I'm thinking TWTR is fast approaching buyout territory now.

 

[mnannola]

How is Apple Watch selling?

 

[Meier]

I don't follow my account closely and just let stuff sit there. That's a shame to hear the news about Apple.

 

[Randolph Freelander]

FUN WITH NUMBERS

Did you know that over 133 trading days in 2015, the S&P 500 lost 90.3% of its value? Why aren't we all in the poorhouse? Because over 119 other trading days, the index gained 90.77% of its value.

(In reality, the index finished the year down 0.73%. And anyone predicting an 80% actual drop is probably trying to some snake oil.)

 

[PantherLotus]

1. We're due.

2. Don't try and time the market.

3. If you're thinking about retirement and you're more than 10 years away, do nothing and change nothing. Assuming you're in a decent, low-cost index fund you'll be fine.

4. Be more worried about disruptive technologies making your job irrelevant.

 

[darkwing]

FUN WITH NUMBERS

Did you know that over 133 trading days in 2015, the S&P 500 lost 90.3% of its value? Why aren't we all in the poorhouse? Because over 119 other trading days, the index gained 90.77% of its value.

(In reality, the index finished the year down 0.73%. And anyone predicting an 80% actual drop is probably trying to some snake oil.)

yeah this

 

[ReAxion]

Rebound under way?

How is Apple Watch selling?

It doesn't remotely factor in.

 

[Future]

Everything is dropping, but last years Apple lineup wasn't nearly as strong as the year before

 

[LakeEarth]

Jeez, I've been putting money into some investments for my wedding in 9 months. All these news stories make me want to switch it to a money market or something. I might lose money by the time I need it.