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!