Wednesday, October 10, 2012

The End of the Apple Bubble?

According to a Forbes contributor Apple’s stock price is down nearly 10 percent from its September all-time high. Does this presage a fundamental change of direction or is the stock merely taking a breather before soaring to new highs? It is a big question with countless billions riding on the answer…….. This is a case of the old adage, “Up like a rocket, down like a stick.” The U.S. technology sector is full of stocks that once seemed to defy the law of gravity but eventually fell to earth. More generally stock markets are perennially prone to bubbles..... With a market capitalization of more than $600 billion, Apple will have to produce an unending series of miracles to keep the bubbleheads of the stock market happy……… But Apple does not exist in a vacuum. In fact much of the magic of Apple’s products is not proprietary..... http://www.forbes.com/sites/eamonnfingleton/2012/10/10/calling-the-end-of-the-apple-bubble/

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