Market leaders are the last stocks to bottom. They have the strongest fundamentals and don’t breakdown until the pressure to get out of the market becomes so great that even they will be sold. One such market leader is AAPL. We talked about AAPL in today’s AM Meeting. I remarked that we should pay close attention to AAPL’s price action … Read More
Fear Establishes Bottoms
One thing that I realized a long time ago was that emotions/psychology are what determine prices of stocks in the short term. The average stock on the NYSE fluctuates 50% in any given year. Does anyone really believe that the fundamentals of each company gyrate to the extent necessary to justify that level of volatility? (maybe in this environment but … Read More