By Jay Sekulow
The left's outrage over the IRS turns to a plea to 'move on'
Here's a market riddle for you: Why does Apple's stock fall on the same day the company reveals a new product?
Here's a market riddle for you: Why does Apple's stock fall on the same day the company reveals a new product?
Stocks are closing with their biggest gains in more than two weeks after European officials pledged to take bolder steps to fight the region's debt problems.
Stocks are closing lower on more signs that the economy is deteriorating and as the U.S. edges closer to defaulting on its debt.
"Expectations for Apple's product roll-outs have become really unrealistic," said Channing Smith, a portfolio manager of the Capital Advisors Growth fund, which owns Apple stock. "What are (investors) expecting?"
"The news leaking out of Europe is giving investors hope that the politicians and central bankers in Europe might be putting together a plan," said Channing Smith, managing director of Capital Advisors Inc. "The devil's in the details."
