How Does this Happen?
Courtesy of Michael Batnick
Apple has added $286 billion in market capitalization over the past 73 trading sessions. That’s $10 million every minute.
There are only 11 companies in the United States with a higher valuation than what Apple managed to tack on since January 3rd.
The biggest stock in the world gained 43% in under four months. How does something like this happen?
This question is a Rorschach test of sorts. Some people will see this and scoff at the idea that markets are efficient. Others will see a game so hard it doesn’t need to be played.
All data from Ycharts
