Hi folks. Guess what? Turns out I'm homeless until next Wednesday. Sanding and staining of floors is resulting in my eviction. Every single item that was in the first floor of my home is stuffed into a pod on my driveway, in my basement or in any nook available upstairs. The family and I will be kicking it in a Hyatt with a kitchenette for five nights. It's all pretty awful.
Given the frantic last-minute work to make this happen, I am working from "home," which means parking in the local Starbucks and commenting to myself on moms in athleisure pants while halfheartedly tinkering in Excel files. Athleisure pants are a strong look for many women (but a sub-optimal look for many more).
As I type this, everybody's favorite mega-cap tech stock (Apple) is pushing new all-time highs, at about $172.60/share. Shares are up 2.9% today after another strong earnings report and strong demand for their newest overpriced phones. Today's rally means the company's market capitalization (share price * shares outstanding) is now $868 billion. To those of you who are not scoring at home, this is a big number. A ha-yuge number. Rarified air among U.S equities. I remember the end of the last century, when the tech bubble was at its heyday, that Microsoft's market cap reached $500 billion. This was a big deal to a nerd like me at the time. I didn't realize that MSFT at $60/shr was a moment, not a movement. MSFT shares would fall all the way to $15/shr amid the financial crisis, and they wouldn't break through the $60/shr level again until late 2016.
So here's the rub - my savvy mathematic skills tell me that Apple will be worth $1 trillion if it has another 15% rally. That, my friends, is a shit ton of money. I have a meager investment in AAPL shares that supports my standing as a thousandaire, so I'm here with my pom poms, rooting on the rally.
There are other mega-caps out there for sure: Google ($716 B), Microsoft ($648 B), Amazon ($527 B) and Facebook ($520 B) are in the half-tril posse as well. But Apple is the big dog right now. At least until the Saudi Aramco IPO in 2018.
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