For the last several weeks, the market has been falling down, but after the “fed speak” earlier this week, it came to life with a booming day. The market could go higher, although I think it is unlikely.
AAPL is down a good chunk today since the fed’s announcement of raising the key fed funds rate. This results in a 13.5 trailing PE. Are you kidding? I'm not sure if I'm living in Hershey PA - "The sweetest place on earth" (as they say about Hershey Corporation’s hometown)!
