Thank you, that's an excellent fact that rarely gets mentioned in the news or in comments.

Yeah no kidding. Was completely oblivious to this. Although I knew Amazon and Apple's stock had shot into the stratosphere somehow (Amazon I totally get, Apple not so much)

Apple might be skyrocketing b/c

1. it's post-covid revenues weren't significantly impacted 2. it's a blue chip stock in an era where safe securities like bonds yield nothing (there's no where else to put money) 3. fund managers don't want to miss out on the up-swing momentum, however irrational it may be

Yup. I'm honestly impressed that Apple's services revenue is now 50% of iPhone revenue [1].

[1]: https://www.cnbc.com/2020/07/30/apple-aapl-earnings-q3-2020....

Presumably all those investors whining about large cash balances are singing a slightly different tune now.

The Russell 3000 has recovered to above its January 2 level.