One should never generalize from a single event. However, it is OK to let single events cause you to wonder whether the conventional wisdom is correct (a number of great studies have begun that way), which is why when I walked into the Apple Store in Valley Fair in San Jose yesterday, I was taken aback by how busy it was. It was hopping, and Apple employees were being run ragged (with a smile, of course). To be sure, it was a holiday, but there was barely a trickle of people making there way into the Microsoft Store across the way. So, I had to wonder: has the precipitous drop in the price of Apple shares over the last few weeks been warranted? I suspect that it was overpriced, but it may be a very good deal right now.
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