So this is the big selloff? SPUZ down $5?? Does not inspire me. AAPL's drop of 2.34 is being negated by GOOGs continued ramp. Darkmatter stocks, AIG, C, are ripping higher, the bulls are still very much alive and wanting to flip this market to higher levels. There are numerous new issues and secondary offerings that need to be priced this week , I would assume that the powers that be will try to keep the market stable for these offerings, how they will do it Im just not sure. Most people I speak to and thats in and outside of the trading world still are feeling very stressed and worried about the economic landscape. At this point the "non traders" discount the activity on wall street as just mindless gambling by a few crazies on Wall and Broad, that is totally disconnected from the realities of Main St. USA - they may have a point there.
The market while slightly lower is well bid beneath the surface, Im surprised that AAPL's weakness is not dragging downthe Nasdaq more..Live and learn.
JB
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