This is all short-term noise -- iPhone 5, iPad Mini, the Christmas shopping season. None of it matters vis-a-vis Apple's long-term narrative other than the extent to which these things influence the company's path to the next big, independent of Steve Jobs, product launch.
AAPL will trade on everything but that actual future until we get some meaningful color on it.
We'll get the now obligatory over- and under-reactions to earnings, rumors and this noise or that noise. But, not until Tim Cook takes the stage with something new will we have anything close to a handle on the veracity of $1,000-plus price targets for Apple's stock.
At the time of publication the author held no positions in any of the stocks mentioned.Follow @RoccoPendola This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.