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Nasdaq Drops Below 5,000 As AAPL Weighs On Stocks

Tyler Durden's picture




 

But but but... Apple's Internet Radio!


Nasdaq battered below 5,000

 

Then again, maybe it wasn't such a novel idea after all:

 

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Tue, 06/09/2015 - 10:04 | 6178357 Osmium
Osmium's picture

How is Apple music different than iTunes?

Tue, 06/09/2015 - 10:08 | 6178373 PartysOver
PartysOver's picture

Apple Music torments Icahn with a blend of Heavy Metal and Rap.

Tue, 06/09/2015 - 10:15 | 6178379 El Oregonian
El Oregonian's picture

So, the AAPL does fall near the NASDAQ tree... Checking for worms.

Tue, 06/09/2015 - 10:09 | 6178381 ebworthen
ebworthen's picture

Subscription based versus a la carte.  Long term strategy.  Take away owning what you want that lasts 20+ years, replace it with a monthly charge for everything.  Now that they have the millennials trained - the pain will come.  $9.99/month, then $20, then $30.  Netflix will be doing the same thing, as will Microsoft.  Goodbye choice and value, hello tapeworms and leeches.

Tue, 06/09/2015 - 10:11 | 6178388 Headbanger
Headbanger's picture

Cloud storage is another fucking stupid rip-off

Tue, 06/09/2015 - 10:17 | 6178408 Temporalist
Temporalist's picture

Yes and it's like because it's crAApl people want to pay yet it existed before it was called "The Cloud" and was free.

Tue, 06/09/2015 - 10:18 | 6178414 CPL
CPL's picture

Depends on the company, but yeah most large places view cloud storage as a hostage situation.

Tue, 06/09/2015 - 12:39 | 6178952 KnuckleDragger-X
KnuckleDragger-X's picture

Right now cloud storage is one of my big warnings to clients who think the latest magic will make everything shiny. I just make sure I fully document things so I can say " I told you so " Later.....

Tue, 06/09/2015 - 12:19 | 6178956 Birddog Tank
Birddog Tank's picture

First the clouds. Then the thunder and lightning.

Tue, 06/09/2015 - 10:33 | 6178486 WillyGroper
WillyGroper's picture

If you didn't catch this yesterday, it reflects just how far this shithole has devolved.

I did enjoy NFLX for the indie/foreign availability.

No more! Cancelled.

Reed Hastings can jam Julie Newmar's severed petey right up his marxist a$$ with terminal velocity.

When you think the perversion has reached it's apex, there's this.

http://www.naturalnews.com/049997_Sense8_Netflix_series_Christianity.html

Tue, 06/09/2015 - 11:17 | 6178651 loonyleft
loonyleft's picture

office 360, windows 10

Tue, 06/09/2015 - 11:52 | 6178813 Depression is Coming
Depression is Coming's picture

Does anyone really pay for music/movies/tv shows anymore? Even software is "shared" now..

If you are paying for any of that crap send me a message and I'll help you fix that.. Private, invite only torrent sites For The Win!

Tue, 06/09/2015 - 10:05 | 6178360 SHEEPFUKKER
SHEEPFUKKER's picture

Is this the 1-2% dip I've been waiting years for to buy?

Tue, 06/09/2015 - 11:16 | 6178649 TheRideNeverEnds
TheRideNeverEnds's picture

Yup, this may be your last chance to buy before Apple becomes a trillion dollar company and never looks back.

Tue, 06/09/2015 - 10:05 | 6178362 This is it
This is it's picture

Oh shit, this is terribly bullish.

 

Buy!!

Tue, 06/09/2015 - 10:06 | 6178367 FreeShitter
FreeShitter's picture

Where's Dudley....where the Hell is Dudley!

Tue, 06/09/2015 - 10:07 | 6178370 TeamDepends
TeamDepends's picture

We predicted here 3-4 weeks ago, after DOW surrendered 18K, that it would regain 18K ONE LAST TIME. Hmmmm...

Tue, 06/09/2015 - 10:08 | 6178372 DontFollowMyAdv...
DontFollowMyAdviceImaDummy's picture

looks like the "market" noticed that developers confrence yesterday was a homoerotic orgy that glossed over the fact there's nothing in the next two quarters that will produce the iphone6 numbers of last year

Tue, 06/09/2015 - 10:11 | 6178387 B2u
B2u's picture

but can I download and listen in surround sound on my Apple watch?

Wed, 06/10/2015 - 00:56 | 6181458 Abbie Normal
Abbie Normal's picture

No, because all iOS devices only have one speaker.  But feel free to browse on over to our latest acquisition in the Beats aisle and pay $$$ for some overpriced headphones.

Tue, 06/09/2015 - 10:12 | 6178389 earleflorida
earleflorida's picture

Alas! The 'Apple' has been 'Newton`ized,... this anomaly of principia`reasoning?

Tue, 06/09/2015 - 10:19 | 6178418 CPL
CPL's picture

Yup, they've got four market duds in a row that compete with their existing products.  Looks like the apple is now rotten again.

Tue, 06/09/2015 - 10:21 | 6178425 waterwitch
waterwitch's picture

Newtered sounds better.

Tue, 06/09/2015 - 10:13 | 6178397 DavidC
DavidC's picture

Welcome to the wonderful world of algos - great on the way up, not so great on the way down.

DavidC

Tue, 06/09/2015 - 10:17 | 6178410 Freebird
Freebird's picture

Are we late to market?

Tue, 06/09/2015 - 10:18 | 6178412 spastic_colon
spastic_colon's picture

sorry ZH but posting these stories of breaching some arbitrary level is a bit counter to your other stories of how said level is arbitrary.

Tue, 06/09/2015 - 10:55 | 6178564 Soul Glow
Soul Glow's picture

What is a dollar worth?  What is a dollar's intrinsic value?  Let's start there and then we can discuss arbitrary financial matters.

Tue, 06/09/2015 - 10:19 | 6178419 lehmen_sisters
lehmen_sisters's picture

This economy reminds me so much of the movie Reno 911 where the hotel manager keeps saying " Are you here for the suckfest".

Tue, 06/09/2015 - 10:23 | 6178430 youngman
youngman's picture

I just did a search for Pandora...lol

Tue, 06/09/2015 - 10:26 | 6178449 Temporalist
Temporalist's picture

And there are other free internet radio apps as well: http://www.jango.com/

 

 

Tue, 06/09/2015 - 10:25 | 6178437 yogibear
yogibear's picture

They just need to get "Buy the dips" back.

Day trading had everyone on the long side this morning.

Tue, 06/09/2015 - 10:27 | 6178452 Oldballplayer
Oldballplayer's picture

Apple radio.  Music that I cannot control.  With real live DJs.  For $10 a month.

No, I recall, as a child, I had this magic box that did the same thing.  It cost about $3.95.  I wonder what happened to that thing?

Tue, 06/09/2015 - 10:27 | 6178453 Seasmoke
Seasmoke's picture

Bring back Jobs. He can save Apple. 

Tue, 06/09/2015 - 10:33 | 6178484 Keltner Channel Surf
Keltner Channel Surf's picture

Only trouble is the Daily Keltner bottom and 100 MA are right there (DIA and SPY also at Keltners), historic strong bounce points.  Cynical bulls think they'll let it go a bit then snap-back and trap new shorts, long-suffering shorts say "keep thinkin' that way, punk"

Tue, 06/09/2015 - 10:53 | 6178552 Soul Glow
Soul Glow's picture

The ECB and Fed will support stocks with their unicorn farts and santa claus buying programs so don't you worry.

:)

Tue, 06/09/2015 - 11:05 | 6178609 Keltner Channel Surf
Keltner Channel Surf's picture

As I suspected, huge bounce precisely from DIA, SPY Keltners and QQQ Keltner/100MA, assisted by volatility slam.  Temporary, with retrace toward lows, or sustained thru next week's FOMC and Yellen presser?

Tue, 06/09/2015 - 10:36 | 6178495 Goldbugger
Goldbugger's picture

The DOW is at a key level of support. 17732 breaks look out below.

Tue, 06/09/2015 - 10:51 | 6178547 Soul Glow
Soul Glow's picture

But the recovery!  DJ 20k any day now!

:)

Tue, 06/09/2015 - 10:36 | 6178496 RealityCheque
RealityCheque's picture

Theres this other thing: its called "downloading MP3 music files from basically anywhere on the internet, for free". Perhaps Apple should look into it.

Tue, 06/09/2015 - 10:47 | 6178528 Soul Glow
Soul Glow's picture

BTFMD BITCHEZ!

Tue, 06/09/2015 - 10:49 | 6178545 Soul Glow
Soul Glow's picture

Here's my internet radio - http://kslg.com

Tue, 06/09/2015 - 11:08 | 6178620 Atomizer
Atomizer's picture

Another last to the game Apple innovation. XM Satellite or SiriusXM radio competition. Tim Cockring will underbid automotive contracts to install his useless device into cars. I'll stick with QNX platform, if the market for a car is Apple based. No thank you. 

 

Tue, 06/09/2015 - 12:03 | 6178862 pokerbloker
pokerbloker's picture

Apparently, Tim has the gay.

Tue, 06/09/2015 - 14:45 | 6179647 silverer
silverer's picture

Never use Apple radio on my iPhone 5S.  Have plenty of music loaded on the phone.  But everytime I shut off and come back to it, it defaults to iTunes radio.  Going back to where I left it playing my own music playlist must be way, way over their programmers and engineer's heads.

Wed, 06/10/2015 - 15:33 | 6183567 Abbie Normal
Abbie Normal's picture

It's the same reason why hotel TVs always default to the pay channel when they're turned on.

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