General Body Meeting (02/27/2013)

The meeting started off with Dingwei, our Publicity Chair, giving a market update. The Dow reached a five-year high. The Sequester, the cut in federal spending, took effect on March 1st and there is a lot of speculation on how this will affect the economy exactly.

Apple held its annual shareholders meeting today and Tim Cook spoke about the¬†disappointment¬†of shareholders in Apple’s current share price but urged everyone to focus on the long term and future profits and revenues.

We watched another interesting episode of Shark Tank.

Lise pitched a new stock, Michael Kors and we had a discussion on luxury goods.

See you all next week!