Tuesday, July 24, 2012
A quick reminder about sharp downtrends
If you cast your minds (and your charts) back to 2008, you will see that even the strongest stocks fundametally got hammered - over the year Apple fell from the $200 level down to about $80. If the downtrend in the general market is strong enough, then pretty much all stocks will suffer to a degree, regardless of what the balance sheet shows, or the earnings reports. Just saying.