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AAPLocalypse & Lockhart-nado Spoil Stock Party; Dollar & Bond Yields Surge
The last week in stocks (and Apple and Twitter) in 19 seconds...
Strength in China on new short-selling-curbs provided very littlc comfort for US investors. Early strength quickly faded as Dennis Lockhart peed in the Kool-Aid...
On the day...only Trannies closed green...
From Lockhart's comments, S&P and Dow were weak...
And since Friday... Dow and Smal lCaps underperform
The machines were in charge as AAPL selling pressure demanded index support to sustain institutional sells...
With AAPL getting clubbed...
VIX was as gappy as a hillbilly's teeth...
Treasury yields all rose notably after Lockhart jawboned...
Which drove the curve to its flattest in almost 4 months...and flattening at the fastest pace this year
The Dollar Index surged after Lockhart's comments as money fled EUR and CHF...
Dollar strength sparked more commodity weakness...
Fed credibility remains near zero as the long-bond tracks reality and short-end tracks Fed promises... As one witty chap said "Data Dependent, my arse!!"
Charts: Bloomberg
Bonus Chart: Just a little reminder - The Fed f##ked up before..."The Fed exit strategy completely failed as the money supply immediately contracted; Fed tightening in H1’37 was followed in H2’37 by a severe recession and a 49% collapse in the Dow Jones."
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I reckon the NASDAQ has round tripped about 150 points today.
DavidC
the dow as well..
so what else is fucking new?????
just sayin.
But. But. But, it's different this time!
"On the day only trannies closed in the green."
Oh....so Bruce Jenner was wearing green today? How fabulous of him/it.
Kaiser,
150 points with the NASDAQ at around 5100 is just under 3%.
150 points with the Dow at around 17,500 is under 1%.
In relative terms one was 3 times as much as the other.
DavidC
all good..just pointing out that its all bullshit....
Ah, OK! I'm with you on that!
DavidC
Normally it plays VWAP tag all day, but today, perhaps with AAPL screwing with algo calc's, it seemed to want to nuzzle the day's high every hour. Flirted with the QQQs after a tough 1Q in Russell trading, but have switched back to RUT, SO much better intraday action, been trading like a dream past few weeks.
qqq jan 15 puts
WWIII should provide the dow with a nice push even HIGHER!
FOMC dove Dennis Lockhart grabs the karaoke mike from Chicago Fed’s Charles Evans, and pokes fun at his even more dovish colleague:
“Just Like Evans” from “Just Like Heaven” by The Cure
"Show me, show me, show me how you do that trick,
the one that made stocks green" she said
"The one that made yields plunge," she said,
And threw her arms around my neck
"Show me how you do it, and I promise you,
I promise that I'll run away with you
I’ll run the stops with you"
Sitting on the trend line’s edge, held aloft by us, the Fed
I surveyed all the tools I had to make her markets glow
"Why are the highs so far away?" she said
"Don’t you realize that I'm in love with you, that I'm in love with you?"
You, soft and lovely; me, lost and lonely
Like the film ‘Bay of Angels’
Gambling with our true emotions, twisting with the markets
Must make it green -- just make it green
. . .
FOMC’s taking shape -- Plosser’s been retired for days!
Then I realize it’s just a dream and I open up my eyes
And found myself alone, alone below the 20 DMA
That stole the girls from all the doves
And struck fear deep inside of me
You, lost and lonely; you, gaunt and boney
Just like Evans
Good beat and the machines are all dancing to it.
# 1 with a bullet for over 400 weeks in a row.
AAPL is bound to come out with some new "must have" gizmo, and it's legions of followers will hock their crapplewatch if need be to buy whatever it is.
i-dildo might have a shot ... with an app that locates erogenous zones.
The whole "I" thing has been done to death.
Apple is finished. Poke it with a fork. It's done.
lol.
not really a tech guy, eh?
more jew bashing, less Apple comments please!
iDone
Miniature apples at the base of the shaft for clitoral stimulation, and charged with a lightning connection.
2 megapixel camera in the head that bluetooths to your iPhone.
Then on to YouTube as a streaming video, sound and all
then roll the credits ... Ah, Technology.
Maybe more Jobs would do the trick.
I know a literal army of Crapple fans. Only 1 that I know of bought the Crapple watch. And he's wondering how he'll pay this month's mortgage.
The bottom line is that Crapple is out of steam. The smart money sold it at $132 immediately before the earnings release on July 21.
Look out below!!!!!!!!!!!
e.g. Herzschrittmacher.
When the imaxipad is announced AAPL will levitate and save the world.
I-Ball maybe. Apple consumers would gladly give up their left eye
to have this newest gizmo implanted in the empty eye socket.
Have it wired directly into the brain for the greatest cyber experience ever.
It will happen.
iDildo
Zion is parting these plundered shores for fresh plunder in Europe.
To afford their "exit," Zion has pushed the dollar up, and dropped the propaganda, and meme, breadcrumbs that their tool of plunder, the FedRes, is solely responsible for the coming calamity--A calamity to be set off by the FedRes' raising of rates this Fall.
As for Apple. Only a little tempest before the coming storm; Just the market minders having some trouble managing prices in lieu of the "connected" and "chosen" ones getting out.
Liberty is a demand. Tyranny is submission..
"The building is secure. Return to your desks."
Meanwhile, weird issue going on with AT&T in the IN/KY/TN region.
https://downdetector.com/status/att/map/
That is a lot of area to go down all at once.
Mind you, don't actually own a cell phone, but it looks like all the major networks are having problems (Verizon, Sprint, etc.). Interesting to ponder what this would look like if there was a sustained issue.
Noobs love the bumper plates because they look like you got a shitload of weight on the bar. Now then, the gent in the adjacent video with 800 lbs. x 8...? Respect.
Zerohedge 1.0 ---> The Fed is bad, don't listen to them. Trannies crashing means the market is due to crash.
Zerohedge 2.0 ---> Listen to the fed when it tells you something negative about the market. Trannies surged... means nothing at all...
They gets you coming and they gets you going! Don't forget to click on the ads before you leave the webpage!
7 Reasons I Just Bought (More) Apple Inc. Stock
http://www.fool.com/investing/general/2015/08/04/7-reasons-i-just-bought...
As Stock Falls, Apple ETFs Aren't Too Worried
http://www.benzinga.com/trading-ideas/long-ideas/15/08/5733518/as-stock-...
buybackapalooza {again}?
http://seekingalpha.com/article/3397025-apple-who-blinks-first
improvements, some pretty good for both the 7 and the Mac are presumptively indigestible to most of your mind grapes.
in re google - keep an eye...
Is Google Glass Getting Ready for Its Comeback?
http://m.fool.com/investing/general/2015/08/04/is-google-glass-getting-r...
"The Fed F***ed up before . . "
Bringing to mind this slogan:
Your Federal Reserve! Just a Hitler away from making things right!
Incidentally, the deepening of the great depression in 1937 wasn't only due to the Fed fvcking up. There was also the matter of Fascist Dictator Rogue getting the big tax hike he wanted.
" On the day...only Trannies closed green... "
Caitlyn is so proud.