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Presenting AAPL's Reaction To The Worst Manufacturing Report In 6 years
Ugly data this morning had stock markets leaking lower into and beyond the open, and then Chicago PMI's total and utter collapse hit the tape... and this happened...
Which explains how after notablke downgrades to GDP, a drop in consumer sentiment, and massive misses for ISM Milwaukee and Chicago PMI - stocks are unch to higher.
On a side note, "Most Shorted" stocks are cratering this morning (which probably means more ammo for the ubiquitous Friday close meltup and Nasdaq 5000 run)...
Charts: Bloomberg
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Kevin and the PPT are having one hell of a morning. Fuck em.
All that hype for a stupid watch. Just like google glass. Fads die fast.
Looks like Janet's algos did the same thing to gold and silver
Ah, but the Manufacturing data pair of two's is easily trumped by the full house of ECB QE, commencing next month..... For the umpteenth time - BUY THE FUCKING DAX !!!
QE4EVA started last month they just didn't tell us sheep
Baaaaah
A friend of mine, a web entrepreneur, was an early adopter of Google Glass. I thought it was kinda cool... but #1000 worth of cool? Not for me...
Take a look at Google's move today. Even better than Apple's.
DavidC
again, one of these mornings they will have to just let it fall.
Remind me; why?
No. One morning we will wake up and it will be gone. Bye, bye. The casino is closed, thanks for playing.
That's ok. I'm going to start saving for one of those reuben sandwiches at the Carnegie deli.
Janet loves the pump and dump.
It makes her wet....... from washing the ink of her hands. Not the other wet which applies to people with functioning vaginas.
Shorts..... Lol. Thanks to the BernankenYellenstein monster© they're on the endangered species list.
VIX index spikes down hard at 10 AM just like clockwork, looks like we're going higher.
From the POV of a novice;
With all the bad data (all the time), at what point does the stock market reflect reality?
And how can it stay over-inflated when there has been no QE for almost a year? What is keeping it UP?
Because as long as it is up, the sheeple will continue their dreaming. So the question is, how to trip up the algo's?
When people/entities that are holding all those equities/bag actually have to sell. Same thing applies to the bond "market". What you should be asking is who are these people/corporations/entities.
What happens when the answer to this question is "The Fed".
Interesting times....
You answered your own Question.
In the end we will see that the FED ends up owning everything because of a printing press. They will end up being the so called stock market, and they can have it.
The DTCC has failed everyone that plays, people think that xyz company has only 1000 shares authorized to be in the market when in reality there are 10,000 shares. That is called liqudity. And just THINK since you are not allowed to get any cert's since July of 2010 there is no way of proving who owns what shares. haha
There is plenty of QE coming in from Japan, and now the ECB. All stimulus is fungible.
QE did not end. The fed continues to create (can't say print, cause they aren't technically going to the printer to print the dollars) new dollars to buy new treasuries to replace the ones that matured. If QE had ended their balance sheet would be shrinking as the bonds matured. Its not.
What is keeping stock market up? Numerous things. Japan has been spending 35billion/mth in foriegn equities. My guess is a lot of that is coming to US. US banks have $2.6 trillion sitting in reserve to prop with. Europe is going to start printing $60billion/mth in march so they have begun to front run that. Working pop keeping putting $ in 401K's. Shorts have been distroyed, yesterdays numbers showed only 16% bearish, over 60% bullish. 70% of market participants are long only, they want it up. And most importantly the fed/gov want it up, sadly they have rigged the market and can't afford to let it drop. Read this post from Gary, I think it is spot on.
http://blog.smartmoneytrackerpremium.com/2015/02/fed-back.html
As long as crApple still manufactures lawsuits, they'll be fine.
MAJOR volatility slam started in the Russell around 10, now spilling over into the VIX, either a clever fake out or, more likely a "selling vacuum" back up toward the QQQ's big number, and IWM's daily Keltner top. Still, major pump 'n' dumps in carry trades and treasuries makes things not all they seem. Good chance they're taking out stops before heading lower, but god knows in this low volume charade.
Only thing that changes the PPT and the Federal Resreve is a dollar crash.
Once the US dollar crashes all controls are lost. It's survival at that point.
The only thing that matters is Debt. Stocks can go up a little or a lot, but when you have a Debt Payment due on a specific date it either happens or it doesn't.
Thats why Greece/Spain and US High Yield matter. US wild card will be if Obama decides US Shale is a "systematically important sector" and steps in to prevent any HY deafults. Europe wild card will be Greek business as usual versus political vote of confidence following cave-in to EU demands.
Its been proven on this site numerous times that all markets are now rigged. If you look at supply/demand of crude (actual and forecast) the numbers show very small (2-3%) changes yet oil has crashed 60%. I've read all kinds of crap justifying that drop but its all nonsense. I believe this was a coordinated central bank manipulation of the commodity in hopes of spurring spending in other areas. Listen to the muppets, they just keep drolling how low gas prices are going to be stimulative. They are wrong but thats beside the point.
Rest assured, some sneaky back door bailout is in order to take care of the $500 billion of junk debt in the US frack/drill world. That was well understood before the manipulation of crude lower. Look at HYG, its already in action.
+1000 You are 100% correct. Everything else from this point is jerking it. And the 'crash' doesn't come until U.S. foreign policy trips & falls over itself with Russia or China or both.
The control of all markets is transparent. WW3 inches ever closer.
The Watch a Watch Watch...That says it all...Does it tell you if it's daytime or nighttime?...I like Apple, been using their stuff since 1984 but really, a watch? C'mon Tim...Then again, I thought cell phones would die out...
WE WILL BUY WHAT WE ARE TOLD TO BUY
2 fucking days in a row where aapl was down modestly at the open only to be pumped up shortly after.
a fucking company with shitty phones is worth 750 billion.
what a fucked up world we live in
Rotten news for AAPL .... oh, wait ?
This is the teflon market! NOTHING sticks.
Terrible economic news on every front...."stocks" fall a fraction of 1%!
ANY sort of positive news or no news whatsoever the markets FUCKING FLY STRAIGHT UP!!
It's the new normal I guess...
Nothing but bullish.
i was watching aapl and gm and they both did that vertical ramp at the exact same time ...
AAPL is getting CORED .... oh, wait .... my bad .... CORZINED !
That other chart telling us what Americans spend on, Obama care, Financials and Insurance are #2
There is more coin in the economy than meets the eye as food is at the bottom of the list. If Americans were struglling food would be a lot higher.
Considering how obese amuricans are, food being at the bottom of the list is kind of strange, but health costs at the top are not. What a weird so-called 'economy' we are in.
Market need to make more ammo...
It's an Artic Apple just BTFD.
Going down, in 5..4..3..2..1..................
Oh good collapse... Is homan square full in chi-town, burning buildings, food riots, what, no.. Adjustment not collapse.... Only when bankers lose money is it a collapse... jerks.
Well, actually that could start on Monday. Apple might be pushed up to 133 or so, but no new high. We shall see. Enjoy youe weekend.
Makes perfect sense to me, slam the VIX pump apple and all is well!
Who programed the algos? Are we still stuck on bad news = good news for stocks because:
Negative economic numbers means the Fed prints more cash to buy stocks?
SO AAPL is bought because the algos want to front run the inevitable buying spree for stocks that are widely bought. Even though the only ones buying are algos. It's retahded.
Fuck you fanboys!
Here pension plan admin-sheeple... easy profits here... no worries.... will never crash.... guaranteed by the FED <wink, wink>...
The oligarchs and their corporations know the game is up, doing everything they can to offload risk before the next crash.
My goats and sheep are smarter.
Alex, Ill take " we don't have a clue" for $2,000
"It's the DAILY DOUBLE!", "How much would you like to wager oklaboy?"
"I'll wager 1 quintillion Alex."
"Hmmm, Mr. conservative eh?", "The standard response to congressional oversight questioning of this non-federal institution, established in 1913, which has completely gutted the American economy, and the general population of this formerly great nation"
"Ummm, the New York Mets?"
"Oooooo, and that buzzer means our time is up" "Sorry, you lose."
The honesty too much.
https://www.youtube.com/watch?v=IATz8ZVTALo
this can't be sustained. it keeps going, until even we, the diehard bears, are showing frazzles. some day....not an awful news day when it can be expected, but out of the blue, the algorithms will flip around and the bottom will drop out. reset. sorry, no bid. what 401(k)? dial 1-800-RUN...busy. we'll be limit down at the open for a coupl'a weeks. joe blow will see his savings evaporate.
reset indeed. then they flip around and go long again.
we can't do shit but either stay out of it, or place our bets on the side of reality and wait patiently for reality to force the guiding hands to enact a flip. just don't place bets with a time limit.