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Technology Stocks : Apple Inc.

AAPL 278.79

-0.7%

Dec 5 9:30 AM EST

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To: Mick Mørmøny who wrote (103054)	9/15/2010 4:20:50 PM
From: Keith Feral	of 213173

The market never pulled back in March 2010. It was up almost every single day. January was nasty, and April through August was nasty. I was very encouraged to see the market lift with a strong dollar and weak crude prices today. Ultimately, the low inflation environment is very bullish for equities and very bearish for commodities like crude prices. When crude prices ramp up with the market, it usually creates some kneejerk sell off. I'm just not seeing any major spikes in commodity prices to get worried about. I'd be much more convinced this 10 year sideways market was going to turn higher if the market continued to rally as crude prices got back down from $75 to $70, $65 or even $55 later this winter. It's just not reasonable to expect the global economy to function with oil prices anywhere close to $75 or $80.

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