Apple- another 50-75 points downside ?

[NY_HOOD]

I think Apple has much more downside. Who is going to spend $800 for a new Iphone?
Who is going to buy a new Iwatch, Ipad, or mac book?
I know the market looks forward but looking forward there will be a lot of lay offs and consumer confidence will hit lows.
I also see a lot of semi conductors getting hit a lot more.
Nvda is another one with about 50 points downside maybe more.

 

[risktaker]

SPX is very TOP-HEAVY last 5 years.
I'd dump/run away from top 10 names as they're now so big they're WAY too reliant on general economy and wait for when small caps begin outpacing big caps.
Take out the top 10 names from SPX and the market began tanking in 2018 just as small caps did. At some point such divergences will point the bottom and i don't see any floor yet.

 

[Amun Ra]

I think Apple has much more downside. Who is going to spend $800 for a new Iphone?
Who is going to buy a new Iwatch, Ipad, or mac book?
I know the market looks forward but looking forward there will be a lot of lay offs and consumer confidence will hit lows.
I also see a lot of semi conductors getting hit a lot more.
Nvda is another one with about 50 points downside maybe more.

Actually I was planning on finally upgrading my 6s this year.

Also might upgrade the kids ipads(currently both using an ipad 5) if they finally improve the battery in the ipad 8.