Kara Swisher worships at temple Microsoft, as does all every one here at All Things D.
Apple is the hated enemy of all Microsoft egoists.

While I don’t question your motives, and assume you are trying to contribute, this is a schlock piece, and is not worthy of the wall street journal.

The U.S. stock market, taking the long-term view, has continued to rise for two centuries. How long can it “defy gravity?”

sorry, please read 12% as being the difference in price between $186 and $ 210 in para 7.

just what, may i ask is the purpose of printing such a biased negative view? just what is your motive?

for surely, if there was to be any semblance of ‘fair’ reporting, you would have looked at and tried to understand the elements behind the stock price. no, instead you just state it as defying gravity.
you fail to mention that that the stock price has merely recovered the ground it has lost since its peak in jan 08.

indeed, the other companies you compare apple’s price to, are mostly recovering. only slower. there are many good reasons why this is so. could it be that this largely reflects the fact that apple is weathering the economic downturn comparatively better and is poised for further growth?

apple is in the enviable position,of being THE company all others want to imitate. and sadly, that is all they do -imitate, rather than innovate. (despicable).

apple, through innovation, best marketing, best product design, best retailing, best customer support, best business plan, best cost structure, best execution… has become one of the worlds most admired companies. an exclusive, high growth brand, with deservedly high margins and phenomenal cash generation.

you make mention of your bewilderment -” if the froth can reach that level”- ie, apple’s ‘already high’ shares attaining $210 vs $186 today. this 25% increment is negligible, particularly in the context of current unpredictable market swings. the relevant question is whether apple can double in the next 18 months.

i question, from your perfunctory attempt at value analysis, whether you should curtail your economic refections and concentrate on technical digital reporting, which i assume to be your forte.

again, your piece is not about fair reporting, it is a biased, one-sided opinion and i cannot but enquire as to what lies behind it and what your motives may indeed be.

AAPL will always be volatile, as it is heavily traded, but I believe this is a $1000 stock in 10 years, because of:

-growing Mac market share gains
-iPhone is just getting started
-devices we are not yet aware of