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iTIMBER
Funny thing about bubbles. They pop. HFTs playing a serious game of pass the hot grenade right now. Everyone please join us in prayer that Waddell and Reed does not decide to sell a block of 10 ES contracts right now, as the world could very well blow up.
CNBC's take:
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WTF?
Good night, and big balls.
Yes wtf. Apple down 6% QQQQ only down 1%
If you look at other big tech components they are also down 1%+. ORCL GOOG AMZN INTC CSCO MSFT
Looks like a good opportunity for some arb.
You guys are funny....it's off 4% and it's all over! LMAO...fade it bitchzes
Perhaps you don't understand. Apple IS the economy. Dow n4% overnight is like a loss of 4% GDP!
We're all gonna freakin die!
Re-read what I wrote.
Also in response to you, AAPL and IBM are the largest (over)weighted components in the Nasdaq and DOW respectively. So they are heavily the market.
HOLY SHIT!!!
Apple fell all the way to $300?!
How many days of gains were wiped out? 3 years? 2 years? 1 year? 9 months? 6 months? 3 months? 3 days?
I'll bet Apple recovers ridiculously fast, and the market yawns tomorrow.
Buy the dip!
Quick! The Gov't wants you to sell your farm land.
FDIC Warns of Possible US Farmland 'Bubble'http://www.cnbc.com/id/39727942
Producing farm land is probably the investment of the century, even dare I say better than Gold. The Gov't and its puppet masters are at it again.
Bank Of America is quick too !!
Resumes foreclosures in 23 states.
They traced the problem to bad Firmware in one of their RoboPens. :>)
All fixed now.
Digital ink is so fickle! Ya never know when it's gonna spit out some extra zeroes! :>D
Productive farmland has no portability whatsoever and you, as an individual, may own it only at the whim of the government. They can take it at any time and there really isn't fuckall you can do about it.
Very true. In fact, there is no such thing as property ownership in the USA. We rent from the govt. Stop paying every year, and you have to move.... That sure doesn't sound like ownership.
Furthermore, to own land is to be exposed to potentially ever greater taxes. Land "ownership" is the new serfdom. Ironic isn't it?
maddening is what it is...
"They can take it [your land] at any time"
But the government has already demonstrated that they can take your gold anytime, too.
Popo's comment about renting your land from the government due to property taxes occurred to me recently. One way to look at it is, to "own" $100,000 worth of land, you have to pay $200,000: the first $100,000 buys the land and the second $100,000 goes into a "safe" investment that generates enough dividends every year to pay your [expected] property taxes and to increase the principle to keep up with inflation.
In that sense, you "own" the land -- it just costs more than you thought. Still, it would be nice to own land outright; I wonder if our pioneer forebears ever feared that they didn't "own" the land they were living on?
You can hide your gold.
How are you going to hide your land?
Besides, you don't have to pay taxes when you own gold. But you have to when you own land.
mmmooooooooooooooooooooooooooo!
bitchez
I think it's a hint that the gov't has plans to kill off alot of would be farm product eaters, telling their "boys" to get out. Lots of "smart money" bought farmland. It is like Men In Black where Tommy Lee Jones is looking for tips in the Weekly World News and The Sun. That's just about where sane people place CNBC.
10% increase in property taxes this year specific to farm land in my area. In addition to the normal rate increases on all real estate.They called it "Equalization"
Also known as spreading the wealth.
Also known as progressivism.
So the government will intervene to squash profits on something that:
- is very hard to obtain
- Nearly impossible to get a standard rate mortgage on.
- Requires maintenance, upkeep and security
- Provides necessities for the world
But the government actively creates bubbles in McMansions, HELOCs for trips, toys, coke, whores Dot-Com and Enron.
Then when those bubbles pop, we bail out all the participants.
We surely are in a bizzaro world at best, and probably something much more sinister......
YIKES!!!
6.3% of yikes in after hours trading.
I might try that will my wife. Honey, it was nothing. That was after hours marrital.
It works the first few times but then.......not like I know..........she said she was disappointed too many times in the past..............4 hours? I can't get 4 minutes............time to double the Viagra dosage.........my ears are getting hot.......I'm not feeling very well.
be careful with double dosing that stuff, CD we don't want you to have to spend some time in hospital away from posting your valuable comments. kiss kiss.
CD, get off that V!
Try eating some watermelon or drinking pomegranate juice. Instant vascular reaction.
You rang? This is what my reaction was to reading Zero Hedge for the first time. :o
iBubblzzzz beeetheeeezzz
iCantbelieveit
:)
No matter what - ZH headlines always make me chuckle. Even on a bad day for my shorts, I come to ZH just to laugh about it all. But it's even better, funnier and more relaxing when I am not being rammed by the bull.
Wowzers.
Unless Jobs can spin this margin and iPad miss in the CC with IBM tanking, tomorrow could be a disaster.
How about a free iPad with every foreclosure sale...
Oh wait, that won't work.
Or a free foreclosure sale with every iPad sale!!!
CNBC has "IBM Profit Grows, Tops Wall Street Expectations"
Bloomberg has "IBM Posts Third-Straight Quarterly Drop in Service Contracts; Shares Fall "
Two headlines enter, one headline leaves.
iCANTWAIT.
Pete
Wait, I think I got this time, a plan to fix it all.
The fed starts selling gold tomorrow at the open.
They take the money and buy iPads, iPhones, and other iCrap.
Then, they fill the vaults with the unopened iBoxes, painted gold of course.
The stock market rallies and gold market declines.
Problem solved!
With tech bubbles like Apple, its all about margins once those slip, its over. Same thing happened at RIMM's top of $149, did OK on earnings, margins showed cracks, quickly lost $100 from there.
QE2 in 10, 9, 8....
They'll need the "Night Time" Ipad to stop this bleed.....
Good job Brian's back in the control seat tomorrow.
iLostawholelotofmoney...
is iInvisibleHand coming?
looking foward to the iCrash.
and if any iCrash trades are dk'd one will go absolutely fucking ballistic.
Thanks for the best belly roll ALL DAY!
I'll never forget the iCrash!
Thanks for the best belly roll ALL DAY!
I'll never forget the iCrash!
Hmm nice support at -10% there. No surprise... Do not forget the past everyone. The same thing happened during the depression. They would ramp the market up 7-10% during the day only to see it close flat and red. History repeats. Follow the trend and not the "experts." We in the infinite moral hazard black hole.
Moral hazard no longer exists. It was ruled illegal by the USSC in a 8-1 vote. No dissenting remarks were recorded.
Gonna need a little extra iPOMO
iSHIT, bitchez.
think those are iBewbs
Shit! Now all the f'n Apple zombies will be roaming the streets, angry, and discovering their taste for human flesh.
I don't have enough ammo for this shit yet!
+1
Isn't there an anti-zombie iApp for that?
Welp, that's it, then. The world is officially ending now. The second largest company in the universe just flash-crashed. Sky is falling. Ayep.
Jump, fuckers.
Oh my.
iSharted
I didn't realize there was an app for that.
iShorted
there is more to this joke than meets the i
What are the implications for the index's tomorrow?
Seriously, who the heck knows. I believe apple could actually rally tomorrow in this funny money stock market. Not that it makes logical sense.
The term is "Shock Market."
cf. naomi klein
All AAPL trades below $310 will be canceled by 9 AM EDT tomorrow morning.
What is the "AGA" (association gamblers anonymous) number again?
This is absolutely unacceptable...someone dial up Benny as I am busy dialing up Timmy...we cannot have the equity markets down more than 1% ever again.
iAm trying but iJust keep getting dropped calls. Perhaps iAm holding it wrong.
Tighter grip helps - so I've heard.
Check out SPY same thing.
http://stockcharts.com/h-sc/ui?s=spy
but now back to 118 handle--go figure
MSFT ain't helping either with ozzie stepping down.
And with the Beav's mom turning in for the long dirt nap, things ain't looking good, people.
Creepy Eddie Haskell is probably a fed official...
You're looking radiant today, Mrs. Bernanke.
That's right, heh heh.
rtsp://v6.cache1.c.youtube.com/CjgLENy73wIaLwlzYRgZY0rXMxMYESARFEIJbXYtZ29vZ2xlSARSB3Jlc3VsdHNg_f6bhcGfwqdMDA==/0/0/0/video.3gp;connectionuid=WAP2%20trans
Righteous! "Ward, don't you think you were a little hard on the Beaver last night?" (actual line never happened).
This was her finest moment:
http://www.youtube.com/watch?v=xKfS3udCCx0&feature=player_embedded
/DX getting vertical
Correlation Bitchez...
SO much for the short vol trade...VIX bitchez!
Nice to see what kind of thread our currency is hanging from, isn't it.
"China announces it's pegging it's currency to AAPL share price"
SOLD!!! Im out.
YOU DID IT!!! Don't cha know you are supposed to let go of those shares slowly?
Be vewry, vewry, cawreful, the mawket is vewry, vewry, fwragile.
iLaugh
Check out all that wonderful liquidity the HFTs are providing.
Meanwhile, the 'Talking Heads' keep asking 'when will the retail investor come back to the market?' Maybe when they get over their fear of SEC sanctioned sodomy.
Market is too thin for algos in the afterhours, theyre off.
On a brighter note, Bank of America is now RESUMING foreclosures since they have a right to what is rightfully theirs:
http://news.yahoo.com/s/ap/20101018/ap_on_bi_ge/us_bank_of_america_foreclosures
Now we can put this foreclosure mess behind us and look to bigger issues like when AAPL can resume its path towards $600.
The lawsuit was filed an Illinois state court in Chicago by the congressionally chartered wholesale bank, which describes itself on its website as one of 12 regional U.S. institutions serving smaller retail home lenders.
“The defendants did not tell the bank the truth about the loans that comprised the mortgage pools,” underlying the securities, the Federal Home Loan Bank alleged. While it believed it was acquiring “safe” securities, “in fact the bank purchased a toxic stew of doomed mortgage loans,” according to the complaint.
http://www.bloomberg.com/news/2010-10-15/bank-of-america-sued-by-chicago...
FHLB Chicago was gorging on the toxic stew of doomed mortgages too....?? I assume the other FHLBs have been eating at the same restaurant. They'll eventually go after the boyz one at a time, twelve times.
Business for securities attorneys will be good for a long time.
take that, tech-bubble throw-backs!
Seems to be recovering a bit now.
Somebody out there was trying like hell to support this thing @ $300.00.
It doesn't look like a total success... yet.
Yeah, it's just a short lapse due to the absence of POMO Magic.
LMAO
Mo-mo traders getting nuked.
Robo ~
When are you going to bail on your long plays ?
When are you going to start posting pics of half-naked hot chicks again!
iAgree
iDuplicate
I hope you're not one of them!
"Mo-mo traders getting nuked"
Well, excepting those that Costanza Robotrader:
What looks good (to you) for tomorrow?!?!?!
"Reggie Middleton Wasn’t the ONLY Openly Apple Bear in the Blogoshpere, Was He?"Apparently not:
by GoinFawr <breathes on own fingernails, polishes on tailored shirt>on Fri, 10/15/2010 - 16:37
#654224
What a joke you are Robo; you pick one of the worst performers of a sector (AUY) and put it up against one of the best of another. I mean how ridiculous, I hope you don't expect anyone to take your crap seriously.
For some reason Yamana seems to be one of the most hated mining stocks around, the shorts are brutal, and the puts win practically every op ex. But thanks for the tip, now at least I know who to load up on come Monday. Oh, and short too (I've always wanted to take a bite out of Eh-Puhl, in a quick 'Robin Hooder').
IE If it wasn't such an obvious waste of time I could show you the short list of a portfolio in the junior/intermediate gold/metals mining sectors that have double and triple the percentage gain for the same timeframe. And they weren't just cherry picked to make some non-existent peanut gallery point in the comments section either...
It probably won't stick, but
Warmest Regards anyway.
PS I'll take those junks as compliments. Hoo HOO!
I'm really not trying to be funny with asking this. I'm just curious. Does anyone at ZH (chemistry or physic background perhaps) know what happens to gold stored anywhere near the epicenter of a nuclear explosion?
It would depend greatly on the yield of the nuclear device, but in a sufficiently large nuclear explosion, say maybe one megaton or greater, a sample of gold at ground zero could absorb enough extremely high-energy photons (i.e., gamma radiation) to induce fission within the gold, producing various lighter elements, as well as aborb sufficient neutrons to produce a number of unstable (radioactive) gold isotopes, some of which would again fission to produce a number of potential daughter elements. But in practice, the gold would just be vaporized in the explosion, or if protected enough to not vaporize, would most likely not absorb enough high-energy neutrons or photons to induce any nuclear reactions within the gold anyway.
So, the "Goldfinger Scenario" is really not possible in reality, at least not by using nuclear weapons.
+1 runaway chain reaction. Also, neither is the 'Bernanke Scenario'.
Hard to be short when blah blah blah
An interesting tidbit from Melissa Lee (no pun intended):
The last time AAPL traded lower after earnings release was July 21, 2008.
Hmmm. That preceded the last market crash/economic crisis by what, 40 days?
(h)iNdinburg Omen?
I'll admit to being a Luddite. Don't own any iShit and still can't do the camera thing with my cell phone (on which I log a blazing 10 minutes or less a month). I'm a whiz with eBay however!
it's a megacap, bichez. won't be long it will be trading like ibm, msft, csco, etc....
Don't worry - iTampons come in "super-absorbent" and they can handle the heavy flow of losses. If you're really experiencing alot of bleeding, try the new "Hoover Dam" model.
Okay, which trades get cancelled?? LOL
Just a stumble, big Ben will have it pumped back up up in no time.
iREBOUND before tomorrow's opening.
Sorry, my fault.
I told them I wouldn't buy a damned ipad until it has an accordian app.
Wunerfulla, Wunerfulla
Just need to bit-shift the numbers around.
$297 a share, oh no -- lets just make that $792, crisis averted.
Not as far-fetched as DKing trades, either. Outright 'repricing' is next, lol.
Does this mean iPOMO didn't work?
Anyone see the 7million share trade on the SPY exe @ $106.46?
Was that real? I saw my CQG jump and a huge red candle, but assumed it was a data error. Is that a real print with real volume?
Was it real? I hope so or I might be losing it. I saw the trade as it went down. But there is nothing special about that kind of crap...you can see those in the market every single day.
You guys are reading too much into regular market activity.
Those large vol irregular price prints are after a dark pool cross or at end of day rebalancing. Dunno what happened here but, its not uncommon if it just prints and doesnt actually make the price stay at those levels..
Right...sure. Except sometimes you will see 5,6, 7 million shares print after close well below the LOD...and it is in those instances that a guy can clearly see that the game is rigged.
A bit too cavalier Zeropower. I think we are supposed to think, notice, and read into market activity. Most guys here are not zombies.
One more...
iSpy
Why do you think you see this happens to mega vol prints and not a retail 100 share block?
When you post up your offer on the platform, and actually WANT to get hit with you xMM block, you better be offering some sort of 'value' to the potential bidders.
Don't worry, I am sure that was just Waddell & Reed again.
The SEC is on top of it.
Put up an image of the trade time&sales:
AH Flash Crash in SPY?
http://etf-central.com/2010/10/18/ah-flash-crash-in-spy/
Looks like 7m was backed out just before 4:54pm, on my screen the SPY volume went from 144m to 137m between 4:47pm and 4:54pm.
1 OZ FINE SILVER~ONE DOLLAR UNITED STATES OF AMERICA LIBERTY IN GOD WE TRUST 2005
Buy the dips dipshits havenot quit
Apple, the new parangon of America. According to CNBC, Apple is your economic future. My god, you're in deep shit. The Chinese can do better crap for less money.
Uh, the Chinese build all the iCrap. Check the label. No Apple stuff comes from the USA except maybe the chips.
Seriosly people, AAPL is trading at LAST THURSDAY'S price. it's not like it just dropped 50%. Let's relax on the obligatory "ZOMG IT'S CRASHING" phrases.
Fast money getting cagey.
The details:
~Revenue jumped 67%
~profit of $4.31 billion, or $4.64 a share, up from $2.53 billion, or $2.77 a share, a year earlier
~sold 14.1 million iPhone units, 91% more than a year ago
What are those clowns over at Apple doing? This will be hard to keep up!
Even gold and silver are getting dumped on the "rotten apple" news...
It's taking everything down with it after hours....
A carniverous apple eaten by an android.
oxymoron dissonance.
Only in US$... Due to US$ after-hours surge.
Gold and Silver still UP in other currencies.
Good! I hope it all crashes tomorrow, I'd laugh my ass off.
Correlation does not presuppose causation. You might get your head outta that apple ass and look around for some other factors.
iBUY tomorrow at $300.
Maybe Reggie went short after all...
When HW and Robo say short Apple, we will know the turn is in. I have my finger on the button.
apple is getting devoured by android on the left and declined credit cards on the right. oh and the angry chinese slaborers demanding higher wages in the rear.
well the front looks fine. bye bye bye!
my father, madder hatter, used to say: a rotten apple a day keeps the doctor away.
don't blame the apples they are innocent. damn poor apples getting all the bad press. i peel the skin and yes i never go to any fuck doctor. i never eat macintosh apples any more, mostly pink lady's.
pink ladies are delicious (if sometimes pricey). for more on apples check out "the botany of desire".
It's returning to it's last price by morning. The only people who lost money were those who panicked or had stop losses.
saw a gnarly print in the SPY's at 11:09 as well.. or was that just my system bugging out again?
Is there a stipulation on the POMO money that it can not be used to short Apple?
Yes, the invisible, but palpable back of the hand is coming...fast and hard.
rare currently, we will see more of the invisible back of the hand.
Stocks can go down.?
I thought it was a pretty great qtr and I'm usually very critical of AAPL. I'm buying some under 300.
You do that...
Not looking so dumb now is it? Easy 15bucks.
Go ahead and buy, buy, buy. Heck when they cut the price of the iPad in half to dump inventory that should pump up revenue too. Of course by then, margins will have nose-dived. But go ahead, you should buy some.
lol at the "slightly". it's full scale bear raid seems to me
I don't agree with this at all. If the stock was down 60 bucks, then yes.
http://finviz.com/futures_charts.ashx?t=NQ&p=d1
Nasdaq 100 ~ -1.5%
iJoke ?
iFunny !