How many more clowns can fit into the car?
The Nasdaq 100 printed another 13-year high on Monday morning, as we continue to see investors get into the outperforming index. But just like a clown car at the circus, it is amazing how many people can be squeezed into one vehicle.
(Read more: Trading will get crazy! 3 ways to stay sane: Pro)
In August, the Nasdaq outperformed again, as the Nasdaq futures drove near the flat line while the Dow Jones swerved by more than 4 percent. Nasdaq traders now wait in anticipation of the Apple announcement on Tuesday.
After all, Apple is the heavyweight of the Nasdaq index, and with the stock doing flips around the $500 level, hopefully the event will provide some clarity.