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Apple is trading 30, away from reaching a 1 trillion market cap the last close above 22,000 thou walk 16th. Is there a peek optimism around the product cycle or does the stock keep riding this wave of enthusiasm yes hopefully we havent gotten there yet. Were about a year and a half into this preiphone 8 party runup. Usually it ends. Either right after the announcement or about a quarter later. The peaks and then we go down for a couple years until we wait for the next cycle. This is a rager though. Apple is up 54 in the past 12 months i mean, hasnt it gotten a little bit ahead of itself, would you say . Well, you know, i think the really important thing weve got here is that weve had a market environment where every stock has done better than you would have thought weve had good Earnings Growth but the reality is pe multiples have expand add cross the entire stock market and apple interestingly enough with a trailing pe multiple of 18 still looks very attractive, certainly comparison t
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