Pip, Apple shares yesterday, overnight, dropped 10%. $46 billion wiped off the value of the company. Must have been a bubble!!!!
You really don't have a clue do you? Of course Apple share are vastly inflated, a bubble asset. They have fallen 35% in a few months. A more over inflated, over hyped company, short of facebook, you won't find.
I see that, but I highlighted the most important point. And his point about the market falling at a slow rate and still being a bubble is wrong. A bubble bursting, is just that. The market has high prices followed by the "burst" which leads to lower prices. Dropping 40% since 2008 is not a bubble bursting
A bubble bursts in a tenth of a second, so of course by your
definition the only thing that is a bubble is a soap balloon full of over-pressured gas.
However, the rest of the world understands that a housing bubble is made of houses not air and the rate it deflates has no bearing whatsoever on whether its a bubble or not. Care to point me to the source of your genius logic, but I'll hazard a guess its your real estate husband and his like minded associates.
Keep it up pip, this is funny.