Thursday, October 11, 2012
Investor's Business Daily on Apple
Back in March, I had a posting asking if Apple was a BUY? My conclusion was that momentum would probably take the stock higher, but Apple wasn't a stock I would buy at the time. Of course, the stock did go higher and eventually topped $700 per share. But Apple has fallen back quite a bit in the last few weeks. Since Apple is the largest stock by market cap in the S&P 500 and NASDAQ, it has a huge influence on those indices. I love Apple's products, but I as I explain in today's Investor's Business Daily, there has simply been too much enthusiasm over the iPhone, the iPad, and Apple TV.