Next RCA?

And now we meet in an abandoned studie
We hear the playback and it seems so long ago
--The Buggles

The poster child for the stock market run-up in the 1920s was Radio Corporation of America (RCA). RCA, or 'Radio,' was the must-have stock for speculation class. RCA stock price increased more than 20 fold during the hey days of the Roaring Twenties.

In September 1929 the stock fell from 114 to 86 in ten days. In the subsequent crash it fell from 86 to 26. By mid 1932 it was trading at $2/share.

In the present stock market run-up, few stocks have captured speculator fancy more than Apple (AAPL). Its 20+ fold increase in share price finds AAPL flirting with a $1 trillion market cap.

Could AAPL be the present day analog to RCA? Impossible? Am sure that same word was uttered by Radio bulls when the tremors began.

no positions