representing the
biggest single-day drop in over xx years.
Who said that?
Actually, that applies to a number of economic realities.
If you say 2 years, or 7 years or 33 years; for some segment it has been the worst ever this year or last. The truth is that world economics is entering, or falling, into a new era of uncertainly along with rapid gains and failures.
Apple, Blueberry, Microsoft, Intel and other have had bad news.
Here is a headline from early this month.
BlackBerry shares plunged 28 percent on Friday in 13 yearsThree days ago, as posted above y Salmon Trout
Microsoft Experiences Its Biggest Drop Of The Century ... 12 Percent Back in April
Gold Suffers Its Biggest One Day Loss In 33 Years!Also
Dow Jones Industrial Average All-Time Largest One Day Gains and Losses. Which are mostly in the past five years. The Down Jones is considered the standard indicator for the US stock market.
Therefore, don't imagine that bad PC sales means the end of out world. Even if PC sale where doing fine, a lot of everything else would fall apart anyway. But is their a correlation?
Yes!Did I mention the city of
Detroit is bankrupt?
Therefore Geek9pm predicts that when half of the world economy hist the trash can, we will read about it on smartphones. And we will lament: 'Oh, it was because they were using PCs and did not keep up with the trend. Too bad!"