As I told you in that other thread, adorno, Microsoft in December of 1999 selling at 70 times earnings, was a true bubble, part of the DOT COM BUBBLE. Apple is selling only at 16 times earnings and by every definition is NOT A BUBBLE and in fact is selling far below the other members of the consumer electronics industry which sell at 27-55 times earnings. Amazon.com sells at over 500 times earnings. . . eBay is currently selling at over 1100 times earnings. . . if you want to talk about true bubbles. But you really don't. You want to lie and distort facts about Apple.
The Apple bubble is in the market cap vs iPhones, which is their one product keeping them riding so high. As such, it is much worse bubble than anything that occurred during the dot.com bubble. iPhones are just a version of smartphones, and there is nothing that iPhones can do that the others can’t do. Apple is due for a major correction, and the repercussion from that, will be astronomical.
If earnings vs market cap was all there was to it, you’d be right. But, Apple’s bubble is in the irrational exuberance that was created by the iPhones becoming so popular, and that popularity won’t continue forever. When people start deciding that they don’t need to upgrade every 1 or 2 years, Apple will be doomed, and when people also realize that, they don’t really need iPhones for what they do with smartphone, then, the Apple bubble will burst with a very loud boom.
But, like I said, you can keep your money in Apple. It’s your money. I don’t gamble.