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New CEO Tim Cook (L) and former CEO Steve Jobs (R)
No Steve Jobs? No problem!

When Steve Jobs announced that he was resigning as CEO of Apple last month, many wondered how the market would respond to the news. With Tim Cook at the helm as the new CEO of Apple, investors need not worry -- in fact, Apple's stock is performing better than ever.

AAPL hit a high of $411.85 today and is now hovering around the $410 mark with just under an hour left before trading ends today. The stock is up 2.4 percent today while the overall market is down 1.28 percent. 

Apple Inc. now has a market cap of $380 billion compared to $355 billion for Exxon Mobile Corporation.



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RE: Wow
By TakinYourPoints on 9/20/2011 4:04:39 AM , Rating: 2
People have been. There is a strong case for both btw, the main case for gold and other precious metals being the continued devaluation of the USD (commodities like gold and oil are priced in US Dollars, so when the value of the dollar drops it puts upward pressure on commodities).

In any case, having all of your eggs in one basket is never a good thing. There are many investors who have both technology and commodities in their portfolios.


"Can anyone tell me what MobileMe is supposed to do?... So why the f*** doesn't it do that?" -- Steve Jobs














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