Given the looming presence of Microsoft (MSFT) on the PC desktop, we tend to think of Apple (AAPL) and Google (GOOG) as corporate best friends united by a common enemy.

tor’s Note: Correction, AAPL did not have a 57,000% return. At it’s split and divedend adjusted amount it’s returned 3,859%. At it’s 12/28/2007 peak, AAPL’s best return was closer to 5,460%. We apologize for the overzealousness of the decimal point, but stress that this doesn’t change our opinion of AAPL one bit.

Well we had a huge market reversal yesterday off of the home mortgage news that came late in the day. We did get that 7700 level I was looking for in any weakness. If you look at the DJ on a daily chart you will notice the last 2 day candles.

Today's first topic is Steve Jobs, Apple and AAPL. Steve Jobs, of course, is the man at the head of the company. Apple is the company itself. And AAPL is the stock. They are three separate entities. But investors often make the mistake of confusing them, and that can be dangerous.