AAPL: A Bubble in the Making (One Month Later)

BATS:AAPL   Apple Inc
After my macro analysis of AAPL reaching all time highs, it seemed difficult to believe I was saying AAPL was a bubble, when it was trending to become the first trillion dollar company. Like all bubbles, I know people vastly misunderstand exponential growth, and why it's unsustainable. Short and sweet, last month AAPL was above 700$, and I noted that over the past 10 years or so, AAPL had an annual growth rate of roughly 35%. That number was staggering, and is highly unsustainable. And here we are...down over 20%, the largest correction since 2008.

Chart from 1 month ago:

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