Lack of Demand for iPhone

I always preface or conclude by warning that short-covering rallies are an ever present threat, but this is an important domino falling. The lows have already fallen overnight, but once Apple goes, all the bulls hiding in it will be mass slaughtered as bids disappear. The indexes will implode lower thanks to its huge weight. Again, this is ahead, but maybe not immediately ahead because the market is overdue for a rally.

ZH: Futures Tumble After Report Apple Backs Off Plans To Increase iPhone Production Due To Lack Of Demand