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may be. can this really last? it sort of scares me that there is a little bit of complacency out there. there is no complacency, though. i use them as my gauge for this. the individual investors, they are neutral, they are indifferent to the market. on the professional side, professional money managers around the world, managing trillions of dollars, they are underexposed to the stock market. they this has been a stealth rally. there is no enthusiasm about it. none of the media, this will not be on the front page of the new york times tomorrow. i get where you re coming from. bill: do they not believe it? or? do they think that we have the run off. is it time to relax? they were concerned about the federal reserve. three of the four worst days this year, don t forget, in february, we had those big down days. down 1100 points in the dow,
company, you do have dinner with him. apple is such a private company. i wonder how he feels about the dinner plans exposed. apple shares have come up. they have. there s a stealth rally. we ll be right back. too big. too small. too soft. too tasty. [ both laugh ] [ male announcer ] introducing progresso s new creamy alfredo soup. inspired by perfection.
topping 500 bucks a share for the first time since late january. why is this happening? let me tell you, one single tweet. here is christine romans. christine? brooke, apple shares are in just about everybody s 401(k)s. one of the most widely held stocks in the world. now a billionaire investor wants you to know, hey, he owns it, too. carl icahn sent a tweet yesterday saying he currently owning a large position in apple. he thinks the stock is undervalued. he thinks it should be at $700 a share. apple is still a long ways down from there. it s been a terrible year for shareholders in apple. there has been a stealth rally since april. the stock more recently up about 30%. apple has a big selling season coming up. expectations are that on september 10th it will unveil the iphone 5s and a new operating system. analysts have been calling for a cheaper version of the iphone. one apple executive has said it will be a very exciting fall. who knows. maybe we ll finally see the iwatch or appl
national committee announced rahm emanuel and former virginia governor tim kaine will be part of a long list of convention speakers in charlotte. we expect the full list of speakers for them to be released today. all right. the crisis in europe shockingly revving up again. could cause some trouble for the markets. but we re minutes away from the opening bell. market rundown, becky quick is back. becky, are we going to have a foob-year high of the market? can you explain? very close. there s an old market add daniel that you sell in may and go away. if you lis bed to that this time around, you are a sucker. the market has done a stealth rally. the dow up almost 10% from the beginning of june and the s&p 500 is up by just over 12%. you re talking about impressive gains that happened with europe in the backdrop this whole time. europe, the idea has come and gone that europe s in trouble. the problems have not been fixed. but with the ecb and fed stepping in, there s an
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