Will Apple's Stock Become Dead Money?
While the majority of the arguments contain credible analyses of Apple's indisputable dominance, some of the more passionate ones trigger cause for concern. Consider this incredibly clever retort to an article I wrote for TheStreet by a person who calls himself "The Macalope" over at MacWorld.com:
Most of the wide-eyed stares of disbelief focused on a blog post by Forrester Research's George Colony, but it was Rocco Pendola who got the ball o' doom rolling this week writing for TheStreet, which graciously hosts so many of these missives, possibly as part of a government make-work program for crazy people.
With a name like "The Macalope," you can't help but question the writer's objectivity.
Now, mind you, I don't agree with the notion that members of the media or the blogosphere have an obligation to be "objective." We can save the lofty philosophical discussion for later, but, simply put, objectivity is a false notion. I am all for being fair, but fairness and objectivity are distinct concepts.
Like it or not, we're all trying to persuade others to, at the very least, see our point of view. Unless I am showing the reader how to execute an "objective" investment strategy or concept, odds are that I am not being completely objective. Anybody in this business who tells you they are is feeding you a line.
That said, I am going to do my best (for real) to be objective throughout the remainder of this article.
Here's something that is objective, meaning it is "based on facts" and "can be known." It's AAPL's chart spanning April 1 to the close of trading Thursday, May 3, courtesy of Yahoo! Finance: