I got back from China last Sunday, and took some time to do touristy things and relax.
In the meantime, the Euro sunk, and my options hit their stop-order. I don't know where was the Euro trading, but the time of the trade is suggesting somewhere around 1.32$ per Euro.
I don't know where the Euro will go, but the ECB is flooding so much the market, that a potential rationalization could be this flood of Euros coming in the market. Has the Euro topped? and will the USD rally continue? I need to spend more time on this, but I'm currently lacking time.
Finally, today, the S&P was touching the 1,400 mark at the some time where AAPL was reaching $600. How sustainable is this? Not much. As you know if you've been following this blog for a long time, I own Apple shares, and have held them since 2000, where I bought them at the current level of $13. So I'm not playing the perma-bear guy here. The rate of growth and the current valuation of Apple are not sustainable.
Of course, the capitalization weighted S&P and Nasdaq have been largely driven by AAPL which is now such a massive one, easily toping the second largest market cap, Exxon, by about 20%. So when Apple tops, the markets top most probably, and we're not far from that.