The only two stocks holding up the Stock Market, Google and Apple, have failed to do their job today. Apple rolled over pretty hard and Google went flat. Don't see much upside potential for the markets at this point.
More evidence that the rally is finally over comes from ZeroHedge:
http://www.zerohedge.com/article/financial-cds-spreads-explode
I won't post any excerpts, but you might want to go to the above link and read it. This is feeling in many ways like 2007-2008 all over again...but worse..
5 comments:
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I cannot believe apple is trading at 380 dollars a share what a stock to have owned the last 12 years. It traded at just 5 dollars a share in 1998.
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