Black swans are rare, but black-swan hunters are abundant

Just read an article on thestreet.com on AAPL.

http://www.thestreet.com/story/10731991/2/why-apple-gets-a-sell-rating.html

I don't want to criticize the report itself, since two pages are definitely not enough. Many of the analyst's points can be found groundless, but I suppose that they will be much refined in a more complete report.

Of course, AAPL is on the run now, and given its fabulous performance in the past years, such a bearish call is dismissed and slammed. It's not like the Enron case, AAPL should be able to have solid sales support, and that's more transparent than Enron.

Mr. Bulkey is a black swan hunter. Of course, he only says AAPL is not as good as investors think it to be. The whole analysis is problematic, but a black swan is still possible. That's the interesting part of financial world. The reasoning is always decoupled from the result.