Apple Stores Packed Over Holiday Weekend: Your Twitter Pictures
I can only assume most readers see the picture clearly. However, a few have objected.
For the thorough treatment, see:
Apple Selloff: About a Year Too Soon
Wall Street Analysts Are Screwing You On Apple
Apple Analysts Should Be Ashamed of Themselves This Morning
Apple: The Biggest Stock Market Tragedy of 2012
In these stories and others, I weave a straightforward narrative: It's perfectly logical to express long-term AAPL concerns -- I have been doing so since Steve Jobs passed away -- however, mindless emotion from analysts and the media is driving the recent bearishness and the stock's fascinating decline.
I refuse to fall in line with the rest of the media, the analyst crowd and general market psyche and push a flawed story. I would rather end up wrong than blindly accept a sentiment in which I do not believe.
Every once in a while, the old Peter Lynch-style of investing sings. That doesn't mean you should run out and buy AAPL. That's a personal decision no one else can make for you.
In a perfect world, when (or should I say "if?") Apple crushes holiday-quarter earnings in January, this thing leaves its all-time high in the dust. Some sanity returns to an irrational and dysfunctional market. But the world's not perfect. And, for as "on point" as I think I am, I could still end up "right" and "wrong" at the same time. As in, Apple crushes it, but the stock does not respond.
So, take this for what it's worth: A logical and (I can't believe I'm saying this) contrarian (!) argument on Apple that, ultimately, sheds light on a bigger problem. That bigger problem being a market that can look at a clearly dominant company across several spaces, particularly retail, and pump long-term concerns prematurely, as iPads and iPhones fly off of shelves.