Apple... A $2 Trillion Company?

Apple is truly massive. Their market cap is nearing $2 trillion. I know no one who saw that coming. The interesting thing is that maybe Apple's growth is a sign of the global economy actually thriving. More iPhones, more wealth, more apps, and more connectivity. Is that really bearish? Sounds bullish. It is hard to be a glass half full person. Apple's tremendous 100%+ move higher since the Coronavirus crash is impressive. I've added it to this chart with the percent change tool.

Now, before we get too bullish and optimistic we have to always consider the reality of the situation. How much higher will Apple go? Or more importantly, how much higher will Apple go before it is disconnected from reality? I've added the 50-day moving average and 200-day moving average to show how fast it's moving compared to a slower, rolling average price.

Wow!

Anyways, I am not going near Apple at these prices. So I will watch. It is a great boom for the technology sector and growth of the digital economy. But, I also see that maybe it's gone too far too fast. I would add around the 50-day moving average, but if it crashes, I will wait. The 200-day MA is generally a place I like to buy for the long-term.

Let's see and thanks for reading!