Apple to be the 1st trillion dollar company, they said that about CSCO in March 2000

Please tell me where I can get 1.5% on my savings/checking.

Last I checked I think I was getting 0% on my checking and about .25-.5% in my savings. 1.5% is pretty much worthless as well.

Anyway the prices on housing are still overvalued because of this, they put an imaginary floor to stabilize housing prices about 18 months ago and now they hope that housing prices can continue to stay propped up. Without any intervention from the fed such as QE and plenty of trillions in stimulus along with tax credits and everything else in between housing prices right this second would be 50% lower than they are today. Housing prices are inflated due to the stimulus plans put forth. Of course they make you think that lower mortgage rates will help housing but what they fail to understand is that very few people can even get that lower mortgage today. Wait till rates start to move higher!!!!

 

thank you for the parallels with 2000 CSCO call.

one thing i note is that inflation has eaten away >30% since then.

 

My question is, if apple is cheap at $329.57 where does apple become expensive, $500, $683, $742, $879, $937, $1056, $3754???? And when does an analyst actually come out and say that shares are fairly priced with earnings.



Apple Still Cheap at 52-Week High
Published: Monday, 3 Jan 2011 | 3:22 PM ET
Text Size
By: Tom Brennan
Web Editor, Mad Money


Apple, whose i-products have revolutionized music, smartphones and mobile computing, trades at a forward multiple of just about 15 times earnings. Amazon [AMZN 184.22 4.22 (+2.34%) ], however—which is no doubt a great company in its own right, but still—trades at 50.

No wonder Cramer called Apple [AAPL 329.57 7.01 (+2.17%) ] “radically cheap” during Monday’s “Stop Trading,” even though the stock had hit a new 52-week high at about $330. The “Mad Money” host’s price target for AAPL had been $325, but he will soon, along with a number of analysts most likely, issue a new target soon. He said the fact that Apple had broken through the “gravity” of that level, more gains should be coming.

“It’s going higher,” Cramer said of Apple.

Cramer praised Bank of America [BAC 14.19 0.85 (+6.37%) ] CEO Brian Moynihan for negotiating a successful $2.8 billion settlement with Fannie Mae and Freddie Mac. The two mortgage companies had claimed that BofA sold them bad home loans. Cramer said it was Moynihan’s history as a lawyer that accounted for the deal, something a typical banker may not have been able to accomplish.

“This was just a lawsuit masquerading as a bank,” Cramer said of Bank of America, “and it just got won.”

He thinks BAC could climb to $18. Huntington Bancshares [HBAN 7.11 0.24 (+3.49%) ], another of Cramer’s favorite banks, “could easily double” to $14, he said. He thinks that even if these stocks do reach these levels, they will still be cheap.

 

Wow, that article was beyond dumb.

 

Yes. CSCO's P/E was 110 on 3/1/2000.

 

Wasnt Apple suppose to be a Trillion dollar company by now....

or is it the same hype we see all the time when it comes to wallstreet!

 

adjust for inflation

 

660,000 shares printed on a minute bar don't see that everyday!

 

Holy thread necro, Batman

AAPL rallied 115% after this thread was first posted. Even after the huge decline, it is still up $75 per share from t. Definitely not a bearish call to brag about!