Apple's at a 15.5 PE. Market median pe is only slightly below that. This market will never go down unless nuclear war or Middle East conflict besides civil war erupts, because Apple is leading it, and the products they make are revolutionary and cheaper for the family simply seeking rudimentary access without cpu processing to the internet. The iPad3 will blowout earnings its first quarter because of this. Full Disclosure: I own apple and long NQ and TQQQ lots.
yeah apple is gonna be a 600 billion dollar company by the end of march and 750 billion some time this year
Yeah, AAPL is still undervalued relative to its PE and growth, but should consolidate/stall out as market goes down ~8% or so next few weeks.
I respect your market prognostication but I have an opposing view. I see the market forming base camp 1 at the moment. Once it's setup and it's load with ample amount of fuel, it will climb again.
yeah , you are right I've lost 40% or so shorting the emerging markets since christmas on the europe collapse. I had a pretty decent profit until all of the illicit political manipulations. In this environment it no longer makes sense to trade the fundamentals when politicians are changing the rules ex-post facto.
so.. apple gonna hit 560 this week or what people? or is the chinese trademark thing gonna add another 50 billion to its market cap