Don't Get Too Soured on Apple
Is Apple (AAPL) the market? Is it more important than the market? This single stock has become the sum total of this tape. In fact, the market seems to have become the tail to Apple's dog.
Let me just say this for the record: This is all nuts. Apple has become a story of the holders, not the products. It is the chart, not the financials. It is a story of fear, not of opportunity. It's about the basic soul of what I always care about when it comes to the market. That is, it's about individuals who don't know what they have, don't know how to value a stock and can't think straight -- because, alas, the stock is going down. When it was going up, it was the stock to buy. Now that it is dropping, for whatever the reason, it's the stock to sell....417 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.