wouldn't call it a bubble , but certainly bumped up into overbought conditions & should pull back
Amazing chart of GLD (SPDR Gold Trust Shares) NYSE
Apple hit new all time highs with earnings out Jan 18th , shorts are fueling this market
in here ...look for a "sell the news" scenario ...tho Goldman just raised targets
for AAPL to $425 /shr ....company has nearly a $320bil cap now ...almost $80Bil
more than Microsoft, btw.
Apple shorts are getting squeezed but very low volumes here ,
this will almost certainly be a sell the news
scenario ...Apple has become a juggernaught !
* Not bad tho , for a guy (Steve Jobs) who took over 50 Acid trips
by the time he was 22...got kicked out of Apple & then discovered Pixar
& gave us Toy Story I II & Shrek I II III & then sold Pixar to Disney for $4Bil
...returned to Apple & took over music downloading on the Net with Itunes & iPods
brought out the Iphone /smartphone ..and now the iPad which is now going
to be with Verizon now too . AT&T would prolly be bankrupt without steve jobs.
Am still a PC user tho, grew up in the same area .... don't do Itunes, but kudos
to Stephen Jobs for being a charmed meglomaniac & taking over the universe !
ps : made alot of $$$$ off AAPL