Apple Continues to Befuddle
Have you missed this tremendous bull run? Since Oct. 3 the S&P 500 has put on some weight, a robust 330 points (30%) from 1070. The Nasdaq has blasted forward past 3000, a level not seen in more than a dozen years. The Dow industrials is positioned above 13,000 now, up a solid 8.3% for the year. Can the run continue? Sure it can. Markets tend to run further than anyone believes. There are plenty of doubters, too -- bears are around every corner just waiting for the "I told you so" moment. That is why we pay attention to the action in front of us and don't make unnecessary predictions about this or that. That is just market noise -- we ignore it. Please, let's just have the facts -- that is, the charts!
That's not to mention Apple (AAPL), the stock has been giving everyone fits. The bulls can't believe their good fortune in this incredible run, while the bears have been taken out back and shot -- repeatedly. This past week, Apple shares gapped higher every day, turning the investing world upside down. Even the folks on CNBC were astonished by the move....384 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.