Catch a Falling Apple
In a bit of a departure from the usual routine, today I am going to talk about everyone's favorite stock, that market darling, recently fallen from grace. Apple (AAPL) and its related index, the Nasdaq-100, have taken a pretty serious hit over recent sessions, after scoring multi-year highs just a few weeks ago.
Of course, the Nasdaq-100 was trading much higher, near 4800, at the top of the dot-com bubble in early 2000. But even at current levels below 2700, it has been among the strongest of indices. On Sept. 21, it scored an 11-year high at 2878. From there it has taken quite a spill, bottoming last month (Nov. 16) at 2494. That's a drop of 13.3% from the highs. Of course, you don't have to look much further than Apple to see the reason for the sharp selloff. So let's start there, with Apple, which accounts for about 20% of the value of the index....574 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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