Wednesday, August 22, 2012

Apple's Pullback Putting a Damper on the Market: Ya Think?

Earlier today I saw a story in which the writer said that Apple's pullback in share price puts a damper on the overall market. Wow. I sometimes wonder about these folks. It makes bloggers look like Pulitzer Prize writers.

Apple has been on a tear, and it would be crazy to think that at some point there would not be some profit taking.

So, moments ago I checked to see how more AAPL had fallen today. Wow! It rose almost $13 during regular hours; and held those gains after hours, rising just a big. Apple is about $5 off its all-time high. Meanwhile, I see Microsoft fall about half a percent today.

Yup: Apple's pullback is putting a damper on the market.

Let's see what CarpeDiem has to say right now.  Wow!

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