With every news reporter thinking that the recent recent run up to $1.0 Trillion market capitalization for Apple is going to have an impact or is going to be the bellweather for markets, and trying to look smart my making broader market predictions, this (see below) needs to be held in front of their faces. Boeing (9.4%), at almost twice the weighting in the Dow Jones Industrial Average index, has more of an impact than Apple. Followed by United Health Group and (of course) Goldman Sachs.
Traders "wanted" to take Apple to US$1.0 Trillion out of spite and drove it up accordingly. Now we will see if this valuation is real.
(I think it is a short)
No comments:
Post a Comment