DOW Headed for Drop? Sell Apple Stock?

WSJ points out this morning that the DOW has gone 45 days without a single 100 point decline.  That is the longest time since 2006 for this kind of “event”.  Does that mean we are ready for a big one day drop soon ?

Apple, the stock, is the subject of two stories in WSJ today.  “Is it time to sell Apple ?”

is one headline. Point is made that, the stock runs up on the news of a new product (iPad3) and tends to fall after the product actually launches.   Apple announces the iPad 3 tomorrow.

All I have read indicates the iPad 3 is a wonderful product upgrade, a screen with amazing resolution, a great new camera, longer battery life, and has the 4G type cell phone connection speed, and wi fi as well. It is 1 mm thicker than the iPad 2.  Is that enough to sell millions more?  I think it is.

Apple iTunes APP store has

1.      Reached a milestone 25 Billion downloaded apps  (happened on Monday)

2.      Has 550,000 apps you can choose from

3.      All this and the app store is only 4 years old, when has anything been this successful before ?

4.      There were those that said there was no need for a tablet computer right before Apple launched theirs.  Where are those negative opinions today? In the dustpan of history.