Apple-mania is gripping the markets. Now Apple under Steve Jobs has been an amazing performer, no doubt about it. Today, for example, the Nasdaq 100 is up nearly 1%, while the broad-based Russell 2000 is down 0.5% and the S&P 500 is flat. Why? Because heavily-weighted Apple (because of its huge market cap) is up nearly 4% and dominates the Nasdaq 100. In fact, as zero hedge points out, Apple’s earnings alone are skewing the whole tech sector in a very significant way:
Will Apple without Steve and with its largest growth geography – Europe – entering deep recession justify this mania? I doubt it, but manias don’t look at reality.
Financial Reality 
Comments
It’s awesome how one company could do so much to the entire market. What recession are you talking about?–Apple would say…