‘Someone Yelled Fire’

 

 

  ” Forget the “fiscal cliff.” The real panic on Wall Street is over Apple’s stock.

Nearly every mutual and hedge fund has piled into Apple [AAPL  525.62    -11.26  (-2.1%)   ]during its spectacular rise over the past few years. Now, these same funds are scrambling for the exits as the stock goes through an equally spectacular decline.

Apple plunged to a six-month low Thursday as funds rushed to take profits on the stock before it’s too late. Shares are now off 25 percent since late September—shortly after the iPhone 5 launch and a month before the iPad Mini introduction. “

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