Barely a Flinch
"Impressive:" That's the word that comes to mind when I think about how the market barely flinched as beloved Apple (AAPL) lost more than 10% Thursday. What was unimpressive, however, was that the S&P 500 keeled over after it climbed above 1500.
We started the month with folks fretting over the debt-ceiling debate. When was the last time you heard anything about that? Yes, I know: They took care of that in a vote the other day -- but what about sequestration? Remember how sick and tired you were of the fiscal-cliff terminology? I'll bet by the end of February you'll be sick of the word "sequestration." The deadline for those spending cuts is now March; how likely do you think it is that the two sides will agree peacefully on the details?...381 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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