Well, you may be right, or I may be right, or it may be somewhere in between. Time will tell, and since I expect to be watching and commenting on FR for many years yet, we'll have an opportunity to see how it plays out.
The current heights of the Apple stock value will take a hit, of course, but they would have plateaued anyway eventually. No reasonable person would expect it to keep rising -- at current rates -- forever. I expect it to drop twice, once in the next few days, and again when Jobs passes away. And of course the Apple fanboys will mourn his shift of responsibilities, and his eventual demise, just as any acolytes mourn the passing of their idol. So what, they are a tiny fraction of the people who buy and enjoy and respect Apple products.
I think Apple will recover from the (dual) shocks and continue on. Will it be the same? Of course not. Was Microsoft the same after Gates left? No. So what?
Anyway, we'll have a chance to see, and I don't feel like arguing about it. I acknowledge your opinion respectfully, and we can take another look in 6 months, 12 months, 24 months, etc.
Why?? Jobs was just named Chairman of the Board...........Seems like most of the readers of this thread never read past the title...........