Friday, April 27, 2012

News that Would Have Recently Crushed Stocks

If $AAPL - Apple hadn't rallied after earnings, would the stock market be much lower at this point?  We have seen Spain go into a recession and its unemployment rate hit near 25%.  China is slowing.  The US GDP came in light and new jobless numbers appear worrisome.  The Netherlands government collapsed.

I'm typing this late night and I could probably hit the Google headlines and find more bad news.

They say the market likes to climb a wall of worry.  But is this worry or reality?  I get the feeling if Apple wasn't selling so many iPhones and iPads, the market would be much lower.

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