managematics

Is Jim Cramer Right? Is Apple Really a Market Barometer?

If you look at some of Cramer's comments in print as well as on TV you'll get more color on his assertion. He believes that AAPL is a good indicator of overall market sentiment right now. There were days in the period analyzed where AAPL had bad news yet still rose. The overall market rallied even further. One might assert that if it's a day when it can rally despite bad news, then overall sentiment is high.

In this context I don't believe he's suggesting any specific numerical relationship.