NEW YORK ( TheStreet) -- Surely you can't be this dumb! You are if you believe that in a little over one month, tech giant Apple (AAPL - Get Report) has miraculously become a bum and that everything that has been right with the company over the past decade has suddenly come to an end. This was pretty much my response to an associate when discussing the current status of the stock. He, as with so many others have, bought into the noise.It is remarkable the extent to which every bearish argument has now been proven true all because the stock has dropped. Every pundit is now a genius -- from those who once proclaimed the company can't defy gravity when the stock traded at $250, to those that scream "cannibalization" with every product release.
It's Not Apple, It's The 'Fiscal Cliff,' Stupid
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts