There has been much frustration and outrage among two groups of investors in recent days--Apple bulls and Amazon bears.
Apple reported a quarter that beat Wall Street's printed expectations--and the stock tanked.
Amazon reported a quarter that mostly missed Wall Street's printed expectations--and the stock soared.
Meanwhile, Apple's stock is trading at low multiple of 10-times earnings, and Amazon's stock is trading at an "infinite" price-earnings ratio.
So what gives?
Have investors gone insane?
Only the future will tell us for sure whether the prices investors are currently paying for Apple and Amazon (and every other stock) are reasonable. And, unfortunately, no one yet knows what the future