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  • Is Jim Cramer Right? Is Apple Really a Market Barometer? [View article]
    It seems to me that there is a pretty good correlation between Apple's direction and the Dow/NASDQ. It frequently appears to move exaggeratedly with the index.

    Apple seems to be in this groove where it is at it's psychologically correct value, and is trading with the market. But it is really tautological to say that most stocks on any given day move in correlation with the index of the exchange where they are traded.

    I think Apple is in a bit of a schizophrenic state. People see it is doing great and want to get on - thinking it is undervalued. At the same time, people - both others and the some of the very same people - see that it could get clobbered by a deep recession. So - BARRING ANY PARTICULAR NEWS - it swings with the ups and downs of the market.

    IMHO
    Nov 09 21:33 pm |Rating: +1 -1
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