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Stocks, Crude, & AAPL Bonds Tumble After Big Bond Auction

Tyler Durden's picture




 

While stocks dipped a little into the 10Y Treasury auction, it appears the blistering demand was enough to shatter the illusion of awesomeness and spark a plunge in stocks and crude oil. One thing of note, AAPL bonds have been whacked today (newly issued 2025s down 2 points today to $97.50) and as the auction closed, AAPL also rolled over - which appears the catalyst for the broad weakness.

 

AAPL bonds are weak...

 

which weighed on AAPL stock...

 

And that has dragged stocks notably lower - giving up gains from yesterdays bounce

 

but a bounce back in crude is helping (note the almost perfect 48 and 50 levels tested earlier - very human)

 

Charts: Bloomberg

 

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Wed, 02/11/2015 - 14:32 | 5772352 J S Bach
J S Bach's picture

Apple Bonds are weak -- and their stock is soaring.  Typical.

Wed, 02/11/2015 - 14:36 | 5772373 slaughterer
slaughterer's picture

I thought this dip was because Gartmann increased his long exposure.  

Wed, 02/11/2015 - 14:38 | 5772382 new game
new game's picture

did the baby drown b/4 the bathwater got thrown? poor thing so helpless...

Wed, 02/11/2015 - 14:59 | 5772473 StackShinyStuff
StackShinyStuff's picture

Something just happened.  Stawks popped.

Wed, 02/11/2015 - 15:01 | 5772483 new game
new game's picture

the undercurrent to take the plebs out to sea-deflation. and as the story goes, mobby dick swallows out next savior, ha...

Wed, 02/11/2015 - 15:12 | 5772541 Osmium
Osmium's picture

ZH calling a bottom again.

Wed, 02/11/2015 - 15:30 | 5772632 TheRideNeverEnds
TheRideNeverEnds's picture

Yea, Apple is only up 2%, its pretty much crashing...

Wed, 02/11/2015 - 14:32 | 5772355 FieldingMellish
FieldingMellish's picture

PMs smacked into close. 

Wed, 02/11/2015 - 14:35 | 5772360 kevinearick
kevinearick's picture

Last Assignment

So, big brother is becoming increasingly obvious, again, and the kids are not burdened by the false assumptions of University Engineering. Systems are about that which is in common, reactionary echo relationships in time, and that which is not .

Get Practical Electronics For Inventors (don’t worry about the math). Run through the book once, and then load the material in many different structures, until you can walk around it, looking in, and penetrate it, to look out, adding research to fill the gaps.

Time is an illusion; the Big Bang Theory is an empire false assumption, problemsolution, a foundation of sand. To get from point A to point C, you want to understand the semiconductor, not control it.

Yes, the critters will hunt you down with toilet paper from every majority, manufactured for the purpose with Family Law, feudalism, but to what end but their own? Is Chimerica toilet paper or gold any better than any other toilet paper?

Apple has no earnings; Silicon Valley is just another bank, inflating RE relative to wages, printing SMART technology to implement a global spy network, capital control, with eye candy, and those planetary transients are growing. Modern medicine is anything but scientific, which is why the critters are so proud of such stupid outcomes, ignoring the duration mismatches of containment. Pitting specialty against specialty expecting enlightenment is the cause of make-work proliferation.

Not everyone in the empire is quite so stupid as their roles make them appear. The math is a time dependent derivative, language. Turn the empire on its head; move the fulcrum from anywhere in the system, by dropping the load.

2 and 20, 20 and 200…Extortion produces extortion, in a game of last man standing, in which everyone loses, surprise. Money is not wealth, but don’t bother telling the cave dwellers that gravity is not reality, unless you accept its limits.

The majority fears itself, in a house of mirrors. “The truth about security is that there are those who realize that they have been hacked and those who do not.” Don’t bring stupid into your home and expect privacy. The empire has no exit, unless you let it steal one, which depends upon the amount of gravity your development requires.

Populations come and populations go, largely based upon natural resource exploitation. “History is a fable…”

 

Wed, 02/11/2015 - 14:37 | 5772378 J S Bach
J S Bach's picture

I'm not too worried about Big Brother.

I still use a "dumb" phone and a Palm Pilot.  They serve me just fine.

Wed, 02/11/2015 - 14:38 | 5772384 knukles
knukles's picture

An adherent of the Quantum and Electric Universe perspectives, I presume? 

"the Big Bang Theory is an empire false assumption, problemsolution, a foundation of sand. To get from point A to point C, you want to understand the semiconductor, not control it"

Wed, 02/11/2015 - 14:59 | 5772471 Wahooo
Wahooo's picture

More like a peyote vision quest.

Wed, 02/11/2015 - 14:38 | 5772388 LawsofPhysics
LawsofPhysics's picture

So, same as it ever was then...? 

Wed, 02/11/2015 - 14:54 | 5772450 firstdivision
firstdivision's picture

I use a Blackberry, and there's probably only 5 analysts at the NSA that heard of Blackberry now that the oldies have retired.  Still though, I take pictures of my cock and text them to random numbers with the text "Allah Akkbar" attached. 

Wed, 02/11/2015 - 14:56 | 5772465 Cpl Hicks
Cpl Hicks's picture

Interesting.

The institutionalized have internet access.

Wed, 02/11/2015 - 17:43 | 5773141 kevinearick
kevinearick's picture

American Government cannot save itself from itself, let alone save Europe from itself. Putin is just poking a stick into the self-inflicted wounds. Of course the social status majorities hate you; they hate themselves, and no amount of consumption can fill the hole.

Wed, 02/11/2015 - 14:35 | 5772367 knukles
knukles's picture

It's the Hindenberg's Sphincter pattern dominating all markets today.

Wed, 02/11/2015 - 14:35 | 5772368 LawsofPhysics
LawsofPhysics's picture

At this point, I see many are adopting a new philosphy after a good sale.  Specifically, take the money/profit and fucking run!!!

 

Wed, 02/11/2015 - 14:36 | 5772374 disabledvet
disabledvet's picture

I still think the Fed must continue to normalize.

 

We might be on the cusp of a major war on many "fronts" or "locales.". This is a very fluid situation...gold, the dollar and treasuries are it for keeping your principal safe.

 

Oil prices could dramatically collapse here.

 

The word " free" comes to mind.

Wed, 02/11/2015 - 14:49 | 5772434 LawsofPhysics
LawsofPhysics's picture

Yes, free gold and silver too.  The Soviets have been down this road, everything will have a great "price", there simply won't be anything available...

 

Wed, 02/11/2015 - 14:37 | 5772379 Thisisbullishright
Thisisbullishright's picture

Interesting read here...

 

http://www.washingtonsblog.com/2015/02/fourth-turning-shadow-crisis-passed-part-two.html#more-42010

 

Once again to say....our "leaders" are insane, wreckless imbeciles!!  That is all for now.

Wed, 02/11/2015 - 14:42 | 5772401 Glass Seagull
Glass Seagull's picture

 

 

Fed's 1st Commandment:

Thou shalt not INCREASE the universe of investable securities during times of secular demand weakness.

Wed, 02/11/2015 - 14:47 | 5772424 LawsofPhysics
LawsofPhysics's picture

I disagree.  Was thinking that the Fed's 1st Commandment was:

Thou shalt not do anything to jeapordize the exchange of our fiat paper for assets of real value.

Wed, 02/11/2015 - 14:45 | 5772417 Spitzer
Spitzer's picture

Tyler you are buying into this myth that what is bad for the economy or bad for the financial world is good for bonds .

This is bond bubble mania.

Nothing more

Wed, 02/11/2015 - 14:45 | 5772418 Edward Morbius
Edward Morbius's picture

You know the end is near when even Rush Limbaugh is talking about QE and it's role in the wealth gap controversy.

Wed, 02/11/2015 - 14:52 | 5772440 knukles
knukles's picture

I'm not an ardent or even frequent listener of Rush and the rest of the far right (or far left, if there are any of the latter left on the Hate Radio Spectrum) but over the last year or so, it has become rather clear that on their radio broadcasts, they're sounding like Libertarians, slamming the Establishment R's and D's alike as the One Big Party getting us into the crapola, lotsa Kabuiki and nothing changes but down the big tax and spend goobermint rat hole, etc.

Establishment Republicans are at War with their Own Party Base

Wed, 02/11/2015 - 14:57 | 5772460 NoDebt
NoDebt's picture

Normally, I think of Rush as way too invested in the R vs. D horse race- to the point of nearly being blinded by it.  And a bit slow on his understanding of finance, banking and the economy.  But he's coming around.

Wed, 02/11/2015 - 15:04 | 5772495 Edward Morbius
Edward Morbius's picture

Yes, very weak on money and finance. Also making a lot of errors lately, syntax, words, etc...

Wed, 02/11/2015 - 14:59 | 5772463 OMG
OMG's picture

+1000 knukles

Wed, 02/11/2015 - 14:57 | 5772466 Ness.
Ness.'s picture

Bottom.  BTFP.

Wed, 02/11/2015 - 17:11 | 5773009 LooseLee
LooseLee's picture

AAPL = Disco. The fad will soon pass...

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