In the last 48 hours, everyone's beloved stock - AAPL - has lost around $35 billion in market capitalization. That is larger than the entire market capitalization of these large-cap companies...
- PRICELINE.COM $35.3
- HALLIBURTON CO $35.1
- PNC FINANCIAL SE $34.4
- TJX COS INC $34.2
- DOMINION RESOURCES $34.2
- ALLERGAN INC $33.6
- NEXTERA ENERGY $33.5
- VMWARE $32.8
- PRAXAIR $32.6
- VIACOM INC $32.5
- DEERE & CO $32.2
- TRAVELERS COS IN $32.2
- GENERAL MILLS IN $31.9
- KINDER MORGAN $31.9
- AUTOMATIC DATA $31.7
- BANK NY MELLON $31.6
- AMERICAN TOWER $31.5
- FRANKLIN RES INC $31.4
- EOG RESOURCES $31.2
- DIRECTV $30.9
- EXELON CORP $30.9
- LOCKHEED MARTIN $30.8
- CAPITAL ONE FINA $30.7
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How long until the Bank of Israel, whose holding AAPL happens to be, needs a Fed bailout, due to its speculative, high beta investments? The $125 loss per Apple has certainly has left a mark on Stanley Fisher's (who just happens to be considered for Bernanke's replacement) balance sheet.
