Monday, January 17, 2011

Apple's Steve Jobs to take medical leave

Apple announces that Steve Jobs, Apple's CEO,  will take a medical leave of absense. The stock is down sharply in European trading. The NASDAQ 100 futures are also trading lower. This could be the catalyst that brings on the anticipated market correction.

Apple is one of our holdings in the GWM Market Leaders Folio. Thankfully it is a very small position. Earning will also be reported this coming week. This may create a buying opportunity. Last time he took a medical leave the share price fell, then recovered and went on to gain 60%.

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