It's understandable that Apple stock is doing well—they've had a very, very good year. But after a huge rally this morning, their stock it at its highest price ever. See, yesterday, something magical happened.
A few minutes before the NYSE's 4:00 EST closing, at 8:18 PM GMT (3:18 EST), the Financial Times published a rumor: Apple will make a major product announcement on January 26th in San Francisco. That was it! But in the context of the increasingly frenzied rumors about an Apple tablet, this could only mean one thing to tech followers. And, apparently, to investors. I'll spare you the strained metaphysics of a full Santa/tablet analogy, but trust me, it's there, somewhere.
A small part (read: all) of me wants this whole thing to be a joke, and for Steve Jobs to take the stage in January to announce the long-awaited followup to the iPod Hi-Fi, and a new capacity option for the iPod Classic. There would be no bitterness. Just respect. [Reuters]