It’s being noticed that Apple’s (AAPL) mar­ket cap has shot up to the stratos­phere, and sug­gested by some that it’s Only A Mat­ter Of Time Until Apple’s Mar­ket Cap Is Big­ger Than Microsoft I say don’t hold your breath for it to get — or stay — there. Paul Kedrosky wrote yes­ter­day about Apple, Wal-mart, and the “Mar­ket Cap­i­tal­iza­tion Big­ger Than” Thing, con­clud­ing “When we press our noses against the mar­ket glass and ‘oooh’ and ‘aaah’ at a company’s mar­ket cap­i­tal­iza­tion exceed­ing some­thing it shouldn’t … let’s just say bad things tend to hap­pen. Eventually.”

I agree — just take a look at the con­text he gives it. Do you really think that Apple is worth over $200 Bil­lion today?