Looks like the stock market is about to get a dose of reality. News that Apple is cutting iPhone production by 30% seems to have jarred traders that the recession is on.
Plenty of distractions in the news:
-Oregon standoff
-European immigration problem
-North Korea testing a Hydrogen bomb
-Star Wars
-Matin Shkreli, Pharma CEO bad boy
-Economic stats that don't mesh with reality
Edit1: -Iran and Saudi Arabia squabble
-Obama's Gun control issues
Edit2: Swiss Army General warns its citizens that need to arm themselves.
Edit3: 11pm, 6 Jan 15, China's Market crashes in 15 min after opening, closes down 7% for the day. World markets will be in trouble tomorrow morning.
view the rest of the comments →
Konran ago
Yep. We should all recognise that they can only kick that particular tin can down the road for so long.
Tbh I'm amazed they've managed to kick it this far.