AAPL hits $100

For a new 52-week low, AAPL hit exactly $100.00 today, with a close of $100.10. (I guess there were tons of buy orders at that psychological threshold.) That's less than half the nose-bleed level of nearly $203 not so long ago. That has pushed Apple's market capitalization below the $90 billion mark, which is notable given that it has $20 billion in cash or cash equivalents. It also pushes their price earnings ratio below 20.

Everyone seems jittery about the bailout vote in the House of Representatives, despite the Senate's endorsement yesterday. Good luck tomorrow to all of us who own AAPL (or anything else in the stock market).