Not too many would want to dabble in goog with its lofty price. Not that aapl is cheap but is more tradeable comparatively speaking.
Nothing can save this market. The best possibility, foreign investors with a strong currency comparative to the weak dollars are all going to commodities. Say hell to new bear market. Prix
maybe they are pushing the markets lower so that when Oct 31 rolls around they can cut the rates by .50. Isn't that what the markets want, they said on Friday the chances of a Fed cut were close to 100% chance. By the way there is no need for a rate cut......
Peter Lynch said it over 20 years ago on the Fidelity TV commercials: "The stock market is simple, its all about earnings." So far this this 3rd quarter reporting period, we have way too many earnings and revenue misses. I haven't seen this happen in the entire 4.5 years of this bull market. The key techncial indicator to watch is the 20 month moving average (weekly equivilent: 80 week moving average). Bull markets are supported by it and bear markets find it to be resistance. A monthly closing candle below it, isn't a good thing as can be seen from the attached 10 year chart of the SPX.