The Real Impact of Rising Rates, and Is Apple About to Break Down? 11/3/22
CNBC's "Fast Money"
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The Market Is Going Lower When You Sell Your Apple, Right?
Apple rallied when Amazon had a miserable quarter. This stock traded 158 two and a half, three days ago. If you think the market's going lower, the market doesn't bottom until Apple bottoms. When you people sell their Apple, that's when you could say the market is bottom. Why is Apple trading at an 80% tile of its last one year valuation average? It shouldn't be trading near the top of that. The valuation's too high and it's too big of a weight in the markets.
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