BusinessInsider writes: So by now you know that Apple got slammed today, dropping
over 4%. And it was Apple's 5th straight
down day, and the stock's been badly undeperforming the broader market.
Oh, and it's not just Apple, but other high-flying
momentum/tech stocks have got hammered as well. Google and Priceline also got
slammed.
But there's good news for the market...See, as Apple was
rising day in and day out, there was a persistent worry: What will happen to
the broader market if APple finally sells off? Will this tank the whole damn
thing? And today we got our answer: no.
24 out of 30 Dow stocks were up today. Even the S&P was
basically flat, even though Apple is a really big slice of that index. Granted, things have been weak lately, so
it's not like everything is going along fine, but today we saw that we can get
an up day for much of the market, even as Apple, Google, and others get pounded….
Read more: http://www.businessinsider.com/heres-the-really-good-news-from-apples-big-selloff-2012-4#ixzz1sHNe57t6
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