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Stocks Spike To 2015 Highs: AAPL Trumps Oil Dump & Greek Slump
Forget Oil patch job cuts, forget the highest inventory-to-sales ratio since Lehman, forget Chinese deflation data, forget record low Baltic Dry, forget slumping US macro, forget slumping US earnings, forget dumping oil prices, forget credit spread widening.... and forget Greece (Storm in a teacup... small... contained...)... stocks rally to green YTD and highs of 2015 for Nasdaq PROVE "everything is awesome"...
And if you don't believe it - you're a cynic - and probably unpatriotic.
Stocks melted up during the European session on rumors of an extension for Greece (i.e. EU folds)... which then saw stocks dump it all back as various EU leaders denied its existence and Varoufakis explained that they would never accept it... and then stocks just went vertical for USDJPY shits and giggles... (note that the afternoon meltup managed to perfectly take out the EU ramp highs)...
Some argued that the ramp occurred as a few headlines crossed on a Minsk Summit peace accord deal but given the success of the last one - and Obama's rhetoric - we suspect that was not the driver of this idiotic algo ramp.
Here's the real reason for today's post-European melt-up - AAPL.. (which ripped higher on the back of issuing CHF debt)
- APPLE'S MARKET VALUE CLOSES ABOVE $700 BILLION FOR FIRST TIME
In other words - the company that single-handedly moved the entire market's Q4 EPS, just did a mini-LBO of the entire market.
* * *
From The "Deal" rumor... as soon as Europe closed, AAPL took over the US equity markets and everything correlated...
From Friday, stocks are mixed with Trannies and Small Caps lagging and AAPL-heavy NASDAQ leading...
And everyone's excited post-payrolls
Even The Russell 2000 briefly got green YTD as NASDAQ soared to 2015 highs...
Stocks love low oil prices (and high oil prices)...
The rate-lock-driven selling pressure on bonds continues but today's rate trade was very sideways and rangebound - unlike stocks... with 10Y tagging 2.00% (but closing at 1.99%)
While The USDollar was flat on the day and slightly lower on the week (major CAD weakness vs Cable and SEK strength)...
JPY appears to have decoupled from stocks too...
All commodities dropped on the day - led by the plunge in crude...
Which took it back to a $49 handle briefly...
* * *
It would appear the manipulators want to make it clear that GREXIT is cointained... "Go Ahead Tsipras... Make My Day"
Charts: Bloomberg
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Just buy apple bitches, fuck prepping.
/s
This shit is like the movie Groundhog Day. Tomorrow it will be oil rebounding and sending markets higher. There are no more corrections lasting more than a day and a half. It's all Bullshit!!!
"In other words - the company that single-handedly moved the entire market's Q4 EPS, just did a mini-LBO of the entire market."
There's nothing I don't like about that sentence.
The Fed's buying before it's audited so that it will have some assets on the books.
another gap up tomorrow, rumors that Putin wears tightie whities...and will cave to the NATO super friends
Until it isn't and they pull the rug and crash the biatch, riding it all the way down with their puts and uvxy, wiping out the world out just as planned. So, BTFD~! s/
Bunch of psychos - f'-'em.
>>Tomorrow it will be oil rebounding
yup, inventories will freak everyone and drop it to 48, load up and wait for Friday rig count
Big Money, Big Prizes, I Love It - SmashTV
Not just Apple, Google's up more on the day, over 2%.
DavidC
Wait...but... Harry Dent said today that The DOW is going to 6000, oil is going to $20 , real estate is going to get crushed and to STAY AWAY from gold silver.
Anyone have any ideas where I should put my money or should I just invest in a nailgun?
what everybody seems to be missing here is that the u.s. is the place to be. all usd assets. the whole world isnt dropping the dollar and the u.s.---thats bullshit. the whole world is running to uncle sam begging him to take their money. and if this greek comedy/tragedy continues, it will push the u.s. markets and the dollar ever higher.
our fake stock market is the SHIT!!!!! thank you obama!
You get raped in the ass enough times eventually you just feel nothing. That what this is like.
just wish that these manipulators would lose for once. they don't even need headlines anymore. just bag the vix and problem solved.
Forgive my language, but how in heaven's fucking name...?
David
It is what it is my friend, don't fight it and don't try to understand it, just go with it and let the market dictate the direction.
If it was anything other than manipulation I would agree with you!
DavidC
You're right. Nobody alive is trading this shit with their own money. If I had billions of OPM under management, then of course I'd take a stab at it. Hedgies and other funds have lost their client's money last year.
My summary of all this:
Fuckin bunch of bull shit.
"They" might even push it a bit higher just to F with y'all a bit more. ;-)
TONIGHT’S THE NIGHT (Gonna See New Highs) courtesy of Rod Stewart
Stay away from the bedroom
Stay away from your ‘Shades of Grey’
Re-connect the T1 line
Make some coffee, re-cork that wine
Slip on your shoes, and please don’t frown
Cover up that pretty French gown
Fire up TradeStation – here’s the link
Ooh, Babe! Not now – I need to think, cause:
Tonight's the night
We take stocks to new highs
With all the shorts asleep
Ain't nobody gonna stop us now
Please click the mouse, and not my thigh
Can’t you control your base desires?
You’d be a fool to miss this spike
Lift your hedge and I’ll come in with size, cause
Tonight's the night
We’re gonna see new highs
While the shorts make love
They’re too busy to stop us now
Don't dim the lights, my frisky child
Let’s just let our profits ride
An ‘all-time high’ is about to unfold
Good god - your toes are cold!
Tonight's the night …
Congratulations! You win this basket filled with Euros - er, Nestle cookies!
alot of work to cover a talent-less guy who had to get his stomach pumped out from too much man juice...at least that's what i heard?
but pretty funny none the less...plus 1 from me!
Tsar's the one who challenged me to continue the daily financial song parodies, so now while waiting all day for algos to take my money I have this fun project. Over the next week, look for more classics from Elton John, Genesis, Nilsson, Paul Simon, Van Morrison and if the market ever crashes, one I've been saving by Procol Harum. Who'd guess I have over 1200 classical CD's and 70 gig of jazz, folk, alternative, etc. But, by far the Seventies make for the best parodies. Somebody help me, I can't seem to stop . . .
don't knock yourself out, must be some "everything is awesome" Monkees material, seems more apropo vs. 60's bands that tried to reflect the strife...?
The Procol parody is a muppet-slaying anthem and cautionary tale that I think reflects the spirit of the lyric. Re: the Monkees, not sure I'd have much to work with, and you'd get pedestrian stuff like this:
Take the last spike to VWAP
And I'll meet you on TradeStation
You should be here by three-thirty
'Cause I've made you an allocation
Don't be slow
Thus far, Bernie Taupin's lyrics seem to be most fun to parody.Oh, no, no, no
The illiquid SOB, AKA NQ, really stopped me from doing my thang today with the ES but hey, tomorrow is another day.
The cabal is fast forwarding WW3 starting with Ukraine because of a looming GREXIT.
Pretty obvious which two events are dominating headlines and why the showdown is coming in so many more ways than any of us here could or should possibly imagine.
This is my view.
"A STORMS A BREWIN!"
Nothing is safe financially right now so its the dollar, treasuries and war profiteering.
Just a gift horse in my view.
One day we might even crawl out of this depression.
We are all saved. Bless the central planners.
s/ or is it /s...fucking stupid to even have to do this...for the slow ones.
"Wall St knows best."
They make a LOT more money than we here on ZH, and they are right more often than were are. It pains me to say.
If we stick to facts, not ideology or theories.
What makes you believe some people on ZH are not wall street or even main street for that matter?
They are NOT right more often, it's only that they have more control of the MANIPULATION. This WILL blow, they're not omnipotent.
DavidC
deleted duplicate. sorry.
WHAT A MOTHER FUCKING JOKE
and if i here one more asshole in msm say how fucking oil prices and stock prices are connected, i will fucking go over to headquarters myself and beat the fucking shit out of these bastards
If the MSM would report that a giant meteor with a diameter of more than a thousand miles were to crash on the surface of the earth within 24 hours, stocks would still be spiking to new highs.
This is becoming pretty farcical.
As I scroll down to see the excellent comments so far... I have to see Cramer's beady-eyed, bald, ashkenazi face with prison pussy beard? WHY??
please make it stop, I know you sold out a long time ago Tyler, but please draw the line somewhere ... wtf?? is this fight club or whore club?
Beyond ridiculous. Scary.
there was a funny rumor that Putin clunked a chunk of Rooskie foreign exchange for Tim Cook's signed autograph
I have actually become numb to all this at this point. Going back a few years, there was, at least in some ways, a little semblance of logic to the way markets would react when coupled with the recent headlines, and world happenings. At the very least, up was down and down up, more of a sideways that one could see past the thin veneer of bullshit.
Now? It's just one big orgy that makes no sense to me, and I dare wager if most here were to look in the mirror in all honesty, would perhaps share the same sentiment.
Russians in the Mediterranean
America shifting bases to the Pacific
There's is some hidden ass shit in play here that at this point I'm just throwing my hands up and going "pfft"
I'll wait for Lewis to write his next bestseller on the financial world and he'll fill me in.
If stocks are lost, then all is lost. Or so TPTB think. Things can't be bad if the stock market is rising!
We might as well just close shop here at ZH....and quit speculating about how long it will be before TSHTF.....cause it's now obvious to me....NEVER! W T F.....I am so kicking myself in the ass for ever thinking this would crash....should have bought into this in 2009......Fucking unbelievable.
Rot in Hell you Motherfucking Banker Scum.
Don't look at the facts, only try to figure out what others will be doing...the drum-beat of awesomeness leads so many muppets to buy AAPL and TSLA that I got hammered in shorts, then holding my nose, went the other way. Paid off. Makes no fucking sense at all. But...
FSLR AND AKAM are back! BUBBLE 4EVA
Why bother telling us what crude, currencies, commodities, treasuries, bonds etc are doing. Just give us the AAPL update and we'll know if we should BTFD or BTFATH
Who is buying AAPL? Why is that company worth $700 billion? It boggles the mind. It is so insane, it makes Janet Yellen look like she knows what she is doing.
The last channel stuffing pump has already happened. It is all downhill from here. The Chinese don't want iPhones anymore, the iTards in the USA had their fill with the iPhone 6, and there isn't anything major in the pipe coming from Apple anytime soon. Stores had to give the iPhone6 away to get rid of inventory. If sales were really that robust, why would a company need such massive subsidies to move product?
The best efforts of the media to play up ApplePay don't mean anything to the average consumer. Half the time you try to use an equipped terminal, it doesn't work. Plus hardly any gas pumps are equipped with NFC, so you still need your cards. You think any store in their right mind is going to cut out service to more than half their customers by moving to NFC only terminals? People still use checks.
Apple is riding on hype only. Under the surface is a rotting carcass. Hopefully Apple tanks to $10 a share soon. It can't come soon enough for that garbage company.
It's a 100b dollar company with 600b in cash. If they leverage it 10 to 1, (bank of Apple) when the world implodes they can buy up 6 trillion worth of the wreckage.