Friday, April 20, 2012
When people start selling their organs for iPads, it's a top
Historically, bubbles pop when things reach what I call, the "mania stage." Tulips eclipsing the entire valuation of a nation's economy (Holland in the 17th century) The Dot-Com bubble back in 2000, when back-of-the-envelope "companies" went public with multi-billion-dollar valuations on a daily basis. The recent real estate bubble where folks with limited or no income were flipping mega-million dollar properties.
These were all great examples of bubbles that shouldn't have been missed by anyone (with the exception of Holland, unless you are lucky enough to be over 300 years old!).
Yet as extreme as these examples are, they pale in comparison to what is happening with Apple Inc. right now. When people start SELLING THEIR ORGANS to buy iPads and iPhones, I'm sorry, but it's done...DONE!