Apple stock is going to hurt a lot of people
Remember my co-worker who walked away from his mortgage after buying at the peak? I talked to him recently and he says he knows "a guy" who can hook him up with Apple stock. No kidding.
This guy is the poster boy for the uninformed investor who gets in at the peak, sells at the trough, and then plays victim. He's not alone--Apple has achieved social transcendence. It's no longer just a company; it's something bigger. It's Americana.
A lot of people are going to be hurt by Apple's stock.