AAPL: Mr. Market Gives Apple The Same P/E As Exxon

Mr. Market Gives Apple The Same P/E As Exxon
by The Juggler

While the Congress is working to find a deal to solve the Fiscal Cliff, it seems that Apple (AAPL) last week was anticipating the most feared outcome (i.e. no deal) by already falling from the cliff in free-fall mode.The last month and a half has already taken out of the company $170 billion (that's the equivalent of two McDonald's (MCD), more or less 5 Starbucks (SBUX), or 38 Netflix (NFLX) in 45 days!) and now the stocks apparently may have found support at $505, a 9 month low. read more »

More on AAPL:

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Important Lessons Learned From Apple Over The Past 10 Years by Kevin Chen

How To Tell When Apple Will Bottom by E.W. Barnaba

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