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One could look at the slump in Apple shares, down ~9% since their April 10 high, relative to the...

One could look at the slump in Apple shares, down ~9% since their April 10 high, relative to the much smaller drop in the S&P 500 as a bullish indicator. If the world’s biggest stock slumps while everything else treads water, maybe the market is stronger than thought. Or as momentum stocks take it on the chin, the market could be headed for a longer and deeper correction. Take your pick.
Comments (1)
  • Poor Texan
    , contributor
    Comments (3529) | Send Message
     
    Quit trying to read tea leaves. It's a waste of time. A good stock is a good stock is a good stock of a good company.
    17 Apr 2012, 11:52 AM Reply Like
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