no interest in betting against AAPL..... But do like the financial longs..... AAPL has so much cash, no debt, low PE..... they could announce a large buy back, a special dividend, basically anything they want and crush every media thumpin bear out there, any day they want.
With the Fed's monthly QE3 injection of 40 b or so, utility and financial stocks are being pumped up by bank's trading departments, IMO. However, broader indicators such as breadth and volume have been poor lately on up days, meaning lack of enthusiasm to participate in the rally. Is the worry of "fiscal cliff" the main culprit to blame ? I think it looks more than just that. Another round of bad news from European sickening economy and its debt problems seem looming.
It would seem so. A roll back into DOW stocks, as forever-downer, CAT. Roll back into the same "darlings", MON, NOC, CVX. Utility stocks, D (Dominion). Some interest back into the AGs, as MOS, POT.
Big roll back into utility stocks as XLU. Even MCD is finally coming back up.