Excerpt from The Wall Street Journal quoting DataTrek co-founder Nick Colas:
…. “For those readers who remember 2000-2002, you’ve seen this movie before. If you weren’t investing back then, just know today’s slide in Apple is part of a larger trend of investor risk aversion, not ‘the market getting it wrong,’” wrote Nicholas Colas, co-founder of DataTrek Research, in a note. Mr. Colas said Apple’s recent slide is the reason why he remains cautious on stocks”….
Full article here in the WSJ.