Last September, I did this post pointing out the absurd lengths MarketWatch went to with respect to fawning over Apple. I have no idea what motivations could exist for the company to do this, but it was getting pretty embarrassing……
Well, after those articles came out, Apple went up in price for a little while. Then it went down, losing those gains and chopping about 20% of the value from Apple since MarketWatch went berserk about how great Apple was as a stock. It has recovered and is slightly lower than last September.
Well, they’re back today………
My opinion is that Apple is every bit as vulnerable as other equities right now. They report earnings after the close on the 25th of this month, and although I’m not saying there’s going to be any shock to the downside, I hold the opinion I’ve touted many times: Apple’s best days are behind them, having been buried with Saint Steve, and their showy, garish new headquarters will be their headstone.
