Remember Hill Street Blues – "Let's be careful out there"

In tomorrow’s Wallstrip interview with trading guru and Minyanville founder Todd Harrison, one answer stands out to me. He notes that despite the Dow being at all-time highs, the average investor does not feel richer. I agree with him on this view and that we are losing a middle class here. Just a feeling though and don’t have the stats to back it right here.

It is a great interview with a talented man who got to trade in the house of Cramer/Berkowitz. No juicy stories unfortunately from the day!

Over to the market, my Nasdaq four horsemen (RIMM, AAPL, ADBE, GOOG) have been hammered the last few days, albeit from extremely lofty levels. It has been a while since I noticed them all moving down like this.

Adobe is absolutely the weakest of my “horsemen” and did not hold it’s all-time high breakout from a few weeks back. It is on CODE RED (double secret probation), but I am doing nothing with my position.

On the bright side, no weakness for one of my faves Akamai. Nothing stops this stock. I own a little still and every time I get tired of looking at it and think about selling it, it climbs back and hits 52 week highs – today included. The life time chart of this stock is – in the words of Blair – STAGGERING!.

It was worthy of one of my fave Wallstrip shows despite it not being near an all-time high.

No way it’s possible to financially value this stock at $53, but that’s Wall Street.

Disclosure – Long Apple, Akamai, Adobe and RIMM