As for the $1000 price target, why do these people always like to throw this number out there, they did it to Qualcomm back in 2000 and look where the stock trades today, when there is so much going on for a company people will throw any stock price prediction they want. Right now AAPL is touching down on everything they have, who knows how long this lasts but we all know every company always has its time to prosper but in due time these companies start to drift away, there are hundreds of companies that were once in the spotlight like apple is today only to see them fade away, aapl will probably out last longer than people think, but they will have major competition and fierce battles with new and up coming technology. I am not ruling out a $1000 price target, but I'm just tired of the hype, no one saw apple coming out with a smartphone 4 years that was going to take over most of the market. Who is to say apple wont see another major competitor one day one up them and take over huge amounts of market share away from them, time will tell.
GVZ, volatility index for the gold etf, finally signaled to me it has some room to the downside, so I carefully moved from negative to positive deltas on GDX, per my previously existing (and hugely battered) daily buy signal on it. Also got an intraday buy in the middle of today's afternoon swoon. So, all arrows pointing up for tomorrow. We could use a little cooperation if we get an upward correction in the relentless liquidation of gold going on lately. We shall see...
Blowout corporate earnings trumps anything on stock markets, especially with growing m&a activity in the background. Jobs are ALWAYS the last thing to arrive in a recovery. That's a political issue not a market issue. Intel had massive earnings and outlook ( no surprise to me ). Next leg is JP Morgan, if they follow suit we will get that major jump up in markets that will squeeze the hell out of the aggressive shorts in these sectors. The money some banks are going to make this year is massive. At some point, these stocks have to catch up with the rest of the market, they are getting awfully cheap. Do yourself a favour and invest now in this sector.