Having a huge tech company producing hedge-fund like growth numbers is a new phenomenon (at least since Windows 3.0), and it's carrying over into the broader tech field. If you're a wealthy investor with the choice of putting money into some financial vehicle in an increasingly crowded space, or into something that actually ships product, and still makes huge bank, the choice is a no-brainer.
Tech is the current momentum play, because all the financial vehicles are in the tank.
Assuming that's true (I don't follow the markets well enough to have an opinion), wouldn't that present a fairly spooky economic future? I can't imagine a single market would outlast all the others tanking for long.
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So today Apple announced that Macbook Pro sales were up 47% year to year.
http://www.appleinsider.com/articles/11/04/18/new_macbook_pr...
Having a huge tech company producing hedge-fund like growth numbers is a new phenomenon (at least since Windows 3.0), and it's carrying over into the broader tech field. If you're a wealthy investor with the choice of putting money into some financial vehicle in an increasingly crowded space, or into something that actually ships product, and still makes huge bank, the choice is a no-brainer.
Tech is the current momentum play, because all the financial vehicles are in the tank.
No they didn't. Apple didn't announce anything of the sort.
You're linking to a rumors site which is citing speculative analysis.
> ...all the financial vehicles are in the tank.
Assuming that's true (I don't follow the markets well enough to have an opinion), wouldn't that present a fairly spooky economic future? I can't imagine a single market would outlast all the others tanking for long.