Apple Inc (AAPL)

[Dell_Griffith]

Interesting point. I would have thought that, too, but I just looked at the 6 month chart for each and Apple looks like a flight with turbulence, but SPY looks like a one way up escalator with a pretty steep upwards slope.

AAPL’s PE doesn’t look too frothy, but I don’t really know its historical PE either, but I’m guessing the current 35 is on the high end.