Apple, Google and the Pendulum
My late father had many folksy sayings when I was growing up. Some were hokey, but several provided a lot of solid insight into life. All were homespun and delivered sincerely, reflecting my dad's humble roots and deep reservoir of common sense. One of my favorites has always been, "Life is like a pendulum. It swings too far to the left, it swings too far to the right and it is rarely in the middle where it belongs." I have always found this advice can be applied frequently in life's journey, as well as to politics, fashion and sports. And even to the stock market.
Take the cases of Apple (AAPL) and Google (GOOG). Last summer, Apple could do no wrong. Every product it launched exceeded expectations, the stock climbed what seemed like every week and then moved above $700 a share in mid-September. It became the most valuable company by market capitalization, displacing Exxon Mobil (XOM) for a time, and analysts were busy putting price targets above $1000 on the Cupertino, Calif., juggernaut. Some even speculated on when the stock would achieve an incredible trillion-dollar market capitalization....537 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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