Barron’s: “The S&P 500 Could Avoid a Bear Market If Apple Stock Holds Up”By admin_45 in IN THE NEWS
Excerpt from Barron's quoting DataTrek's Nick Colas:
.... "That means that if Apple stock stands its ground above $150, the S&P 500 has a chance to remain above bear market territory, as the other 93% of the index’s market value would have to drop more than 5% to bring the entire index down to 3,836. “If AAPL does eventually get caught up in a massive U.S./global equity downdraft, that will be one sign we are at truly investible lows,” wrote Nicholas Colas, co-founder of DataTrek"....
Full article here on Barron's.