“What we’re doing here will send a giant ripple through the universe.” ~Steve Jobs
By Catherine Austin Fitts
The market valuation of Apple passed $700 billion in February, 2015.
Let’s put that in perspective. As it passed the $700 billion mark, Apple was:
- nearly twice as large as Exxon
- nearly five times larger than Citigroup
- more than ten times larger than General Motors
- (206) times larger than Sears Holdings
If Apple rises another 10%, its market capitalization will be larger than the entire market capitalization of all the stocks on the Brazilian exchange.
It is an interesting comment on global valuations when one company is larger in value than the entire exchange float of major nations.
So it is not surprising that Apple has been added to the Dow Jones Index.
To make way for Apple, the Dow dropped AT&T.
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