Contrary to our desires, we can't really "believe" Santa Claus into existence.
Apple's current stock price to earnings is presently sitting at 32.35. The company's implied value is no more believable than the legends of Santa Claus or the Tooth Fairy. Will that P/E go higher? Maybe. The nation is full of people desperate to believe in Apple, in something, in anything...
How has the stock market maintained "the levitation trick" over the past several months?
Read about what realists "believe" over at The Daily Reckoning - here's a hint/snippet from the article:
"Taken in a broader context, over 100% of all the gains this year in the S&P index have been driven by seven stocks. Three of those seven stocks account for 68% of the S&P’s entire yearly gains."
I recall first seeing one of these ridiculous signs in the home of a former girlfriend some 20 odd years ago.
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