Bears Squeezed Again
Apple (AAPL) reversed to red momentarily, breadth is mixed and the Philly Fed report was just in line, but the dip buyers are providing support and the S&P 500 is back to day highs. Once again, the top-calling bears are being squeezed and helping to add to the upside momentum.
There are a lot of folks questioning how healthy the obsession with AAPL is, but trying to time this market based on obsessions is more about hope than logic. Obsessions always last longer than most people think, which is why they are called obsessions....140 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.