RANDOM MUSINGS OF A BRILLIANT NATURE
AAPL, IBM both crushed it afterhours today. The reaction afterhours, given the scope of the crushing, has thus far been of the "factored in" variety.
In case you missed it, I wrote earlier today how the structural integrity of the current bull market becomes compromised with every point we gain from this point forward.
The AAPL and IBM news has a very good chance of being sold tomorrow, which will clue those who want to listen into the fact that we need to rest in order to preserve the health of this bull.
I'm long-term bullish..very bullish actually...but I've been around enough markets to know what to look for and where to look in order to gain the information needed to realize when a market is due for a pullback/consolidation phase. That doesn't mean the markets can't keep moving up. I'm not the Wizard of Oz, where I can press a button and all will go my way. I play the odds...just like any other speculative venture.
Odds at present are heavily weighted towards tricks, shenanigans, diva-like, drunken and obnoxious behavior. I like my girls a little more wholesome and predictable. Therefore, it pays to stay away from the high-beta, knock your socks off stocks over the next few weeks, while we allow this starlet the opportunity to iron out her problems.
