But here's something for the stock market junkie; in this upside down world of slipping valuations, guess what , we passed a historic milestone in which a toy maker just surpassed in market cap valuations, a company extracting and processing the most valuable product for the modern industrial economy !!! Beat that!
Yes sir, you heard me right, in the post lunch trading session on 09th August 2011, Apple (AAPL) , the toy maker, surpassed Exxon Mobil (XOM) as the most valuable company in the US stock market with a whooping valuation of 341.9 Bn.
I'm not stupid enough to try and guess where the stock market is headed or where AAPL is headed, but one thing I can assure you is that this is one heck of a topsy turvy world, so hold on to your seat belts...and keep calm through the ride.
A word from a comment I found on Seekingalpha.com on Why Apple; "Apple is not a tech company or a Internet company or a dot.com type of investment. It is a powerful and unique business enterprise that has no equivalent precedent. We are not aware of any company that has integrated so many synergistic and successful businesses into a successful enterprise system under one management roof, an ecosystem that has unprecedented customer friendliness and stickiness. In the past no one company has been able to pull this kind of thing off."
Maybe that's the logic behind Wall Street's valuations on Apple...what say?
