CNBC Squawk Alley August 31, 2017
Apple is trading 30, away from reaching a 1 trillion market cap the last close above 22,000 thou walk 16th. Is there a peek optimism around the product cycle or does the stock keep riding this wave of enthusiasm yes hopefully we havent gotten there yet. Were about a year and a half into this preiphone 8 party runup. Usually it ends. Either right after the announcement or about a quarter later. The peaks and then we go down for a couple years until we wait for the next cycle. This is a rager though. Apple is up 54 in the past 12 months i mean, hasnt it gotten a little bit ahead of itself, would...