Five reasons why Carl Ichan thinks Apple shares are worth 1.2 trillion dollars...

I've reported on Ichan's loud claims about AAPL shares in these pages before but the continual barrage of "this billionaire says something is true and so it must be" is a clear sign of a major top.  So here is another article on the matter, this one with "fundamental" reasons why we should bid AAPL shares up to the moon.  The whole thing is beyond ridiculous and Ichan's statements (along with the associated press coverage of it) are earning the derision of the herd.  I mean, the Russell 2000 is down 12+% from its peak and Ichan thinks people are going to run out and double the price of APPL???  Even with Jobs at the helm I wouldn't bid it like that.

So now here are my 5 top reasons why Ichan thinks AAPL is worth $1.2 trillion:

1. Bendable iPhone 6 is not a product flaw but a feature.  It's the electronic version of theater in the round...
2. APPL has new products on the horizon which will be VERY good.  Worth at least $600 billion and a bargain at that.  No, we can't tell you what they are but we are AAPL, you can trust us.
3. Ichan is very competitive and he doesn't want Buffett to beat him in the race of completely undoing any respect that has been gained by years of investing in the direction of (seemingly) perpetual inflation.
4. Someone told Ichan that he ought to write a book.  Being old and nearly senile, he thought they said "talk your book"...
5. Because he is Carl Ichan, damnit, and rich guys just know these things!  How dare we argue?