After Icahn announced his big investment in NFLX, the stock rose within nine months to trade at a price-to-book-value ratio of 15. A similar rise for Apple would propel its stock to $2000. Highly unlikely.
Stock futures are lower.
Samsung's last smartphone in the Note series caused a bit of an explosion -- and not in a good way.
Investors are betting on demand from Apple for parts from Taiwanese suppliers, which China Airlines will ship.
While I'm inclined to give the bulls more room to the upside, I was troubled by the lack of new buys in individual stocks on Tuesday.