So, the market is up a hundred points today. You think that is a good thing?
You see, when the market is under Distribution after a long and healthy run, even one fueled by Cocaine and in an alternate universe, leadership can suddenly change. Like over the past few days.
The previous leadership is sorely lagging and the previous laggards are leading. Plus, the now leading laggards are defensive in nature. And when the laggards lead, it’s late in the game.
In its own camouflaged way, and without too much fanfare in the major indices, the market is getting downright cautious. Not fearful enough to actually pull the money out, but rather just move it into something perceived as safer.
Enjoy the continued levitation while it lasts.
And about Apple, they sold an iPhone to roughly the equivalent of 10% of the population of the United States in the fourth quarter of 2011. Even if the iPhone 5 was made out of diamonds, that performance cannot be repeated because of all those existing iPhone 4s contracts. I know, the difference between a $500b or a $600b market cap is marginal, right? Apple parabolic buyers: Are you sorry yet?
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Is it me, or are you sounding bitter?
Just a little market update. oh, on Apple? Nah…
What is your thought about PMetals here ? Are you a buyer? Thanks Scott !
I think they are telling you something NOT inflationary…
Classy way of saying much concisely.
For AAPL, the Chinese Scalpers are returning merchandise cuz they can’t sell it…says it all. Also, notice how Arm Holding is down 8% today over good earnings last night.
Seriously, wtf are you talking about?
yes.. sorry I didn’t buy more… caught the parabolic move from $85 in 2009…
Hi Scott, what is your down side target, SP1300ish?
Nice reversal off the lows in ZNGA
We have not even begun to see the facebook phone OS hysteria yet. I actually thing ZNGA could double or triple by the time it peaks out. That moment when the najarian triplets start brutally pumping FB phone OS ?
Its coming
http://theoatmeal.com/comics/winter_is_coming
Apple parabolic buyers: Are you sorry yet?
Probably not as sorry as the shorts…
Well, not sorry just yet!
So the 17th date was a time to buy I guess….
Nope. You’d just have gotten even in the last hour on Thursday…