03-14-2012, 06:40 PM
Article Accelerator wrote:
[quote=mikebw]
Sorta reminds me of the housing market where the prices were going up so fast that I had to get in before I was priced out of ANY house. Of course we know that didn't last. How much different is AAPL than the housing market of 2005-2007?
Very different. Apple's valuation is based on fundamental financial measures, not speculation.
That seems to make sense, but the stock market is not tangibly based on anything except hopes, worries and fears. If we all keep hoping that Apple will do well then AAPL will do well. If anyone begins to doubt it then AAPL might take a hit. Not that I expect that or want that to happen, but there is no direct physical link between stock prices and company performance, as we have all seen in the past.