All About Apple

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.

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Comments

  • YourMacStoreVC  On February 9, 2012 at 2:45 pm

    It’s awesome how one company could do so much to the entire market. What recession are you talking about?–Apple would say…

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