If there’s ever going to be an honest-to-God, rock ’em, sock ’em, greater-than-a-few-weeks bear market, it’s going to require the participation of a certain company run by one Mr. Tim Apple:
Indeed, looking at the multi-decade chart, you’d never know there was anything at all with the market in general, and the P/E Apple is sporting suggests that people are still going to be upgrading their iPhone 36 for the iPhone 37 because it has a 9th camera or something. I’m not so sure.
Apple is the last standing member of the $3 trillion club, and if AAPL itself ever cracks into a plausible bear market of its own, the rest of equities are toast.
