With Apple market cap going to $1.022 Ta...rillion dollars it harkens me back to 1999 when projections for MSFT and the dot.coms were through the roof, to infinity and beyond..... So if World GDP is somewhere around $80 trillion (very optimistic guess for purposes of math), then that would assume that the world will spend 1 out of every 80 dollars on an Apple product or service from now to infinity and beyond.... sort of like how analysts were basically projecting MSFT revenue trajectory back in 1999.
Facebook? Hmmm, even with the crash in price we still have here a company valued at $514 billion.... remember what everyone thought about Yahoo in 1999?
Google (Alphabet) so aptly named, is sort of like all things internet as it were back in 1999...and it certainly is priced that way...oooooooo. It strangely reminds me of AOL...Hmmmmm.
Netflix? My favorite...sort of reminds me of HBO back in the day....yeah, definitely worth the $149 billion market cap.
And who could forget Amazon...the modern day Sears Catalog. They will never ever, ever, ever see somebody or something ever replace them...right? Technology will never change, everything will stay the same, and at a market cap of $889 billion and a P/E of 165 it better not change for at least the next 165 years.
Not saying that everything reminds me of 1999 atm... what were the headlines back then? Check this link...take it with a grain of salt as it is Wikipedia...the revisionist historian of modern day https://en.wikipedia.org/wiki/Dot-com_bubble
But CNBC is certain that it's different this time. They can't be wrong