Apple Is Still Solid: Iaccino

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Oct. 29 (Bloomberg) -- TopStepTrader Chief Market Strategist Bob Iaccino previews today's markets and discusses his investment ideas with Betty Liu on Bloomberg Television's "In The Loop." (Source: Bloomberg)

Stores in the u.s.. joining us now from chicago at the cme is the chief market strategist at top step trader.

Let me say for a moment on apple and clarification from apple that sales will be slower than they were in years past.

Does that worry you hear?

Not really.

I think we all except it may have lost its growth company status a while back.

The satisfaction levels on the apple products are out of the stratosphere.

They are so good.

So i think they are pretty steady.

They may it a little disappointing holiday sales, but i think that is across the retail spectrum.

I do not think that is an apple specific story.

Overall we are watching the policy meeting underway right now.

Do you as well but against any kind of tapering for the rest of the year it?

Absolutely.

I do not even think we see in the beginning of next year.

Closer to march of 2014. you say we are watching this, but i do not know we are watching it.

Or if we get some sort of clarity in terms of the government shutdown and the pending fight coming in january as to what they will do in relation to that.

Unlike most fed meetings, i do not think we are watching that one that closely.

What are we watching in terms of the market?

Really i want to continue to watch revenue and earnings.

What we should be watching for the past year and past 30 years, two percent revenue growth in the s&p this year.

Contrast that with four percent last year, up about her teen- 14%. i think there is potential to the downside in the s&p. i am a short duration buyer.

As long as the numbers come in like case-shiller did, no unemployment numbers, they will continue to buy the market.

I think you have to play the long side, but you have to be nimble.

Thank you for joining us.

Bob paya chinos at the cme.

As many traders pare the staff,

This text has been automatically generated. It may not be 100% accurate.

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