Brian Belski’s remarks on CNBC today were mostly over my head until the 1:47 minute mark, when he switched the topic to Apple:
The stock you need to continue to talk about is Apple. Because Apple, yes, is a proxy for the market, but it’s also a proxy for sentiment… The mere fact that people are debating Apple right here [at $308] means that there is not euphoria in the market.
Cue the video:
My take: I wish I understood all this.