Monday, March 19, 2012

Will Apple ever go down again?

With the way pundits, bloggers, and hedge fund managers have been speaking of Apple recently it would seem the stock will never go down again. Me I'm a little more skeptical. Apple now has a larger market cap then the entire retail sector combined, and has dominated financial news headlines for weeks (first when it hit $500 a share, and now that its issuing a ~1 % dividend-who cares). The market is absolutely enamored with the company and I fear even the slightest headwind may send the company for a tailspin, and the entire market with it.
Just a word of trite caution: Trees cannot grow to the sky.

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