by Jay Yarow
Apple’s stock is hitting new highs during today’s trading. It’s currently at $494.
That makes its market cap ($460 billion) greater than Google ($198 billion) and Microsoft ($257 billion) combined.
The crazy thing is that Apple is just getting started. It could sell a ton of iPhones, iPads, and even TVs this year. Don’t be shocked if it’s a $1 trillion company some day.
From Google Finance:
Lest you doubt that we’re headed for the most vicious election year in memory, consider the determined effort, within 10 minutes of his triumph in Iowa, to weirdify Rick Santorum. Discussing the surging senator on Fox News, Alan Colmes mused on some of the “crazy things” he’s said and done.
Santorum has certainly said and done many crazy things, as have most members of America’s political class, but the “crazy thing” [...]
My observation is, political motives have no business in financial regulation (or modulation as this has become). Is this really inflation, or deflation in disguise? The (U.S.) economy isn’t expanding, it is contracting. As we earn the same, our dollar is shrinking in value not as a result of natural activity but by manipulation. So, prices will rise leaving us with the effect of a reduced wage without making it [...]