When markets go vertically is only market manipulation greed and news pumping.
They pay up until the latest resistance is reached. And the market after falls down math equation.The right bet is for the manipulators.Gold and silver.
Are an example.
I have to admit, back in November I took out a short which I soon closed down 15%. I got caught in a bear trap. However, my sentiment remains that AAPL is a bubble. Could we be reaching the "return to normal" phase with today's rally.
With a P/E of only 11... I have a hard time calling it a bubble even at these psychologically high stock prices.
One thing I would mention for staying power of Apple is the number of very young child 3-10 that are growing up exclusively with IOS. That's the main reason I bought in on the last 575 dip.
The only thing that's making me nervous is this new Samsung lawsuit. Apple appears to be changing from market innovation to market protection... which is always a suicide pact (to some degree).
Yes but what's the difference if No?
The only thing that matters is when it bursts for the first and when it reverse for the latter. According to their biz then it will not burst, eventhough DJ or SP500 can. So a No?
Bubbles aren't just technical. It is one dimensional to think of something as a bubble simply because it fits a chart patter.
A bubble also needs a context, and this context is provided by a detachment from fundamental value.
This is primarily a technical board, but Apple has more cash reserves and earns more than any other company on the planet. It trade at 14 times earnings, the historical average of the SP-500, and 4 times book value. Microsoft trades at almost the exact same multiples.
Growth has slowed and margins have decreased, this is why is Apple is down, the 400 print was an over reaction.
