In the 90’s, just about any “tech” stock was a great stock. Profits? Business plan? Margins? Pfah! None of that mattered. It was the “New Economy!”
Hell, there were even startups that went public who had, as their business model, “We will ship you kitty litter by mail!” For a short time, kitty-litter by mail was a great stock too.
Every generation get to see a stock bubble, and the dot-bomb era was ours. TMF confused a huge bull market for expertise in stock analysis.
I actually was getting my dog food by mail in 50 pound bags for around $2.00 cheaper than going to Wal-Mart. Had it shipped once a month for about 18 months before they went under.
This isn't the '90s and Apple isn't just any "tech stock." It has profits, it has a business plan... and it has margins. Your attempt to equate Apple with the tech stock bubble is disingenuous... and claiming this is happening during a bull market only is totally false. Apple has been surging through the complete meltdown of the Obama market; it has maintained it's sales and growth throughout while others in Apple's markets have dropped.