Apple shares drop on blog rumor about Jobs' health

Shares of Apple took a quick nosedive today but mostly recovered after a blog posted a rumor that the real reason for Apple's pull-out from MacWorld was related to the declining health of Steve Jobs.Rumors.

Shares of Apple took a quick nosedive today but mostly recovered after a blog posted a rumor that the real reason for Apple's pull-out from MacWorld was related to the declining health of Steve Jobs.

AAPL shares
Rumors. Rumors. Rumors. That's all Gizmodo had to report this morning, citing a "previously reliable source." But that wasn't enough. Let's really fuel the fire by adding that "it may be even worse than we imagined." Apple has said all along that it's reasons for pulling out of Macworld were partly because there are new, better ways of showcasing products than trade shows.

The company has consistently said that the health of  Jobs, who is considered to be the face of Apple, is a private matter. I don't necessarily agree 100 percent with that. Investors have a right to know if the company's chief executive is ill and no longer able to perform his duties. But I haven't seen any evidence that points to such a conclusion.

I almost resisted posting this news at all but when the stock takes a sudden nosedive over a rumor, that says something - even if it only says that investors are quick to panic when someone says "Boo."

Previous coverage:

What does Apple’s MacWorld departure say about future of trade shows? Apple says report of Steve Jobs heart attack is false Will Tim Cook be the next Steve Jobs? VIDEO: Is Steve Jobs slowly passing the baton? Bloomberg publishes Jobs obit but why?

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