This page has been archived and commenting is disabled.

Does The iSplit Mark The Top Of The Market?

Tyler Durden's picture




 

Presented with no comment...

 

 

h/t @Not_Jim_Cramer

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 04/24/2014 - 14:39 | 4691825 estoniantiger
estoniantiger's picture

Yes it does.

Thu, 04/24/2014 - 14:41 | 4691836 THX 1178
THX 1178's picture

Run for your lives!~

Thu, 04/24/2014 - 14:42 | 4691852 DoChenRollingBearing
DoChenRollingBearing's picture

The chart is not convincing.  Look, I am as financially paranoid as the next guy, but I see no predictivity value in the AAPL stock split.  The S&P 500 run-up is scary enough looking for me.

Thu, 04/24/2014 - 14:47 | 4691881 max2205
max2205's picture

Like 2004.....we hope....nice chart

 

Where's the bonus chart!

Thu, 04/24/2014 - 15:00 | 4691926 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

2 of 3 for crash. Better than Vegas odds!

Thu, 04/24/2014 - 15:12 | 4691996 FOC 1183
FOC 1183's picture

I'm pretty sure the chartmaker intended it to be taken lightly.

Thu, 04/24/2014 - 14:53 | 4691917 swmnguy
swmnguy's picture

Perhaps a toppy market is a good predictive indicator of an AAPL split?

Thu, 04/24/2014 - 15:13 | 4692000 stocktivity
stocktivity's picture

This is the 999th prediction of the top in the last 6 months. It's all Bullshit until the printing stops!!!

Thu, 04/24/2014 - 14:40 | 4691829 Gorod-Geroy Xerson
Gorod-Geroy Xerson's picture

Anyone know if cash is offshore, do they borrow for buybacks?

Thu, 04/24/2014 - 14:44 | 4691859 NoDebt
NoDebt's picture

They have quite a bit of on-shore cash, too.

Still a valid question, though.  Just because they have the cash doesn't mean they're going to use it.  Why not float a 1% coupon bond like IBM did a couple years ago?

Thu, 04/24/2014 - 14:48 | 4691884 Gorod-Geroy Xerson
Gorod-Geroy Xerson's picture

Could they use offshore cash to buy offshore equivalent of ADRs?  Does buying ADR or ADR equivalents have any effect on the price of the underlier?

Thu, 04/24/2014 - 14:54 | 4691921 Pool Shark
Pool Shark's picture

 

 

All my cash is offshore,... right where the boat sank...

 

 

Thu, 04/24/2014 - 14:44 | 4691832 TruthInSunshine
TruthInSunshine's picture

And in other Apple news, why would a company with so much cash already plan on selling even more debt? Hmmmm?

Apple is a financial company masquerading as some sort of
manufacturer (when Foxconn does the real manufacturing):

http://portal.ransquawk.com/headlines/apple-aapl-says-it-is-planning-ano...

News Headline Summary

Apple (AAPL) says it is planning another large debt sale

Update details:
- This follows a USD 17bln offering from the co. in 2013.

Thu, 04/24/2014 - 14:45 | 4691861 Dr. Engali
Dr. Engali's picture

Because they have run out of innovation ideas and they don't want to pay taxes repatriating some of that "money"  in order to reward shareholders. It's cheaper to issue debt to fund a dividend or buyback.

Thu, 04/24/2014 - 14:56 | 4691927 goBackToSleep
goBackToSleep's picture

ding ding ding, chicken dinner. I joke with a guy I work with that said he used to fire spitballs at tim cook. Who would've wanted to fill those shoes. Their whole business model was innovation. plastic cases and ofshoring to decrease mfg costs, hardly innovation. any regular suit with a business degree from a juco knows that little ditty.

Thu, 04/24/2014 - 15:02 | 4691955 Cthonic
Cthonic's picture

They're likely borrowing against their offshore subsidiary hoarded profits (which are tax deferred so long as they aren't repatriated).

Thu, 04/24/2014 - 15:19 | 4692039 SmilinJoeFizzion
SmilinJoeFizzion's picture

Maybe they plan on "loaning" the money to Ulraine to cover their gas bill.  Borrow it for zero interest and charge the Ukie's 10% compounded weekly.   now thats a spread

Thu, 04/24/2014 - 14:42 | 4691845 Relentless101
Relentless101's picture

Fed will never let it go down. Im sure they have 50 phds looking at this exact fucking chart as a indicator for greater monetary stimulous.

Thu, 04/24/2014 - 16:57 | 4692474 moneybots
moneybots's picture

"Fed will never let it go down. Im sure they have 50 phds looking at this exact fucking chart as a indicator for greater monetary stimulous."

 

How many crashes have there been since the plunge protection team was created?  I can see a couple on the chart.

 

Thu, 04/24/2014 - 14:43 | 4691846 TruthInSunshine
TruthInSunshine's picture

dp

Thu, 04/24/2014 - 14:49 | 4691888 max2205
max2205's picture

Icann

Thu, 04/24/2014 - 14:52 | 4691909 Comte d'herblay
Comte d'herblay's picture

Do chickens have lips?

Thu, 04/24/2014 - 15:14 | 4692011 CHX
Sat, 04/26/2014 - 11:13 | 4698803 Comte d'herblay
Comte d'herblay's picture

is that a chicken??  I think not. 

Thu, 04/24/2014 - 14:55 | 4691923 Spungo
Spungo's picture

iSplit On Your Grave wsa a pretty good movie

Thu, 04/24/2014 - 14:56 | 4691932 disabledvet
disabledvet's picture

I-war might mark a top. The all cash buyouts are flying here. Zimmer had a monster today.

"meanwhile back at the Dacha...

Thu, 04/24/2014 - 14:58 | 4691942 TheRideNeverEnds
TheRideNeverEnds's picture

No, it marks the bottom; generational lows, permanent high plateau, green shoots, new paradigm, escape velocity, the whole deal. 

Thu, 04/24/2014 - 15:01 | 4691951 ebworthen
ebworthen's picture

Isn't a stock split and a dividend hike a sign that a company is cash hungry?

Thu, 04/24/2014 - 15:03 | 4691959 Caveman93
Caveman93's picture

When does the new iPhone come out?

Thu, 04/24/2014 - 15:06 | 4691968 hobopants
hobopants's picture

The dollar goes before the market does...

Thu, 04/24/2014 - 15:14 | 4691973 ebworthen
ebworthen's picture

Email from "STAPLES" in my inbox this morning:  "Just in!  Special iPad offers!"

Offering actual discounts of 10%-30% off retail price.

Since when does Apple need to promote and offer discounts?

OOOPS.

Thu, 04/24/2014 - 15:25 | 4692067 Toolshed
Toolshed's picture

Since their market share AND profit margin succumbed to the forces of gravity.

Fri, 04/25/2014 - 05:48 | 4694265 dreadnaught
dreadnaught's picture

in fairness, just like the ZUNE, the SURFACE is going nowhere,,,

Thu, 04/24/2014 - 15:11 | 4691993 Tsar Pointless
Tsar Pointless's picture

This time=different.

Thu, 04/24/2014 - 15:22 | 4692054 SmilinJoeFizzion
SmilinJoeFizzion's picture

I hear Putin is an Android man- So are the Chinese

 

 

Thu, 04/24/2014 - 15:41 | 4692151 schooltruth
schooltruth's picture

Note - CSCO - the first company that was going to have a Trillion $ Mkt Cap - did its last split on 3/23/2000.  Coincidences but still worth noting

Thu, 04/24/2014 - 16:17 | 4692298 ultimate warrior
ultimate warrior's picture

I want to know what impact weather played into this chart. Was it too cold or too hot? Too much rain or not enough?

Thu, 04/24/2014 - 17:25 | 4692593 wagthetails
wagthetails's picture

it is apple conceeding that growth is over....gimmicks are only thing left.  signifcant buy-back programs will be announced when there is a meaninful dip in price, then a string of insanely overpriced aquisitions,

Thu, 04/24/2014 - 18:26 | 4692804 I Write Code
I Write Code's picture

iCapitulate

Do NOT follow this link or you will be banned from the site!