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You're reading: Digital Tonto: Is Apple a bubble?

That was two crashes ago and nearly 15 years later the Dow is barely 13,000.

Those foolish days would seem long gone, but just last week Forbes published an article which predicted that Apple shares will hit $1,650 by the end of 2015. Just like Webvan and flipping houses, people are talking about Apple like it can only go up.

Further, Robert Shiller, who predicted the 2000 crash and then the 2008 then real estate crises, was quoted in The Economist saying, “You could play the bubble, because it might not be over yet, but I wouldn’t put money in Apple stock.” With the rhetoric so eerily similar to previous crashes, it’s time to ask whether Apple is a bubble too.

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