Apple's continuous rally

Apple is sitting on an enormous cash position of better than $28 billion.

This is a company that hasn't made significant acquisitions, but it certainly can buy just about anything it wants to. Or buy back stock. Or offer a dividend. But here's the thing: In recessionary times, cash is always king, and Apple has a mountain of it. But the company's business is also surging. It's an incredibly powerful one-two financial punch not replicated by any other company, to this degree, that I can think of.

Last quarter's earnings report was a financial OMG moment for so many skittish Apple investors wondering what market research to believe, and whether this company had some economic elixir that made it immune to the recession that was killing everyone else.

Read the rest here.