Fueled by Fear
The fear of missing out outweighs all the chatter about market tops this morning. A strong report form LinkedIn (LNKD) and a continuation of the Apple (AAPL) bounce helped the mood. Breadth is quite strong with 3200 gainers to 1575 decliners. Chips, biotechnology and financials lead while gold and solar energy lag.
So far, there have been no pullbacks as underinvested bulls scramble to put cash to work and bears are squeezed. LNKD has gone straight up as the chasers won't let it come in at all. They saw what happened to NFLX on its big report and anticipate similar action in LNKD....166 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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