Agreed. Last time I looked, INTC sold 0 chips to AAPL and CPQ has more to it than PC's. However, time and time again, companies that 1st said that everything was ok (i.e. HWP, GTW) are now backpeddling, and companies that warned are warning again (AAPL). Also, the NAZ is still up big time over a 2 year period and can easily fall below 2200.
That's the problem with an 80% increase (last yrs NAZ), its tough to repeat (also, last year was an unprecedented 5 yr streak for the averages).
The good news is that $$$ has yet to leave the market, once it leaves stocks for bonds, look out below.............. |
