Stock Market and AAPL sell off
Market uptrend is still intact as you can see in this video. The individual stocks are not in uptrend specially the biggest stock AAPL that dragged the Nasdaq down with it. There were technical and tax reasons and news that blasted a furious move to the downside. The stock opened with a gap and was down 30 points in 90 minutes. Such is the work of institutional traders and nothing else. The ferocity of the move and the second sell off has rattled many investor’s confidence in the stock.
Fiscal cliff nightmare continues. You can see the content everywhere. This uncertainty is not healthy for a stock market.
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