We’ve written before about the parabolic move in Apple, and how it’s freaked out bulls who think it’s the kind of thing that happens exactly before the market crashes.
Doug Kass compared Apple today to Google before the market peak in 2007, showing how nicely the two aligned.
In their big quarterly market outlook, Stifel Nicolaus does basically the same thing, except this time they compare it to two previous peaks: Homebuilders at their peak, and tech at the NASDAQ peak.
One thing to note is that the homebuilder peak of 2005 happened a couple of years before the total market imploded.
Photo: Stifel Nicolaus