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Dow Down On AAPL Angst As IBM Nears 5-Year Lows

Submitted by Tyler Durden on 10/20/2015 09:50 -0400

It's been quite a wild ride for The Dow over the last 24 hours. Panic-buying into last night's cash close was eviscerated by IBM. Then, following reports of a 15% cut in components orders according to the China Times, AAPL has lost ground, also weighing the Dow down.

With AAPL not helping...

But, weighed down most by IBM near 5-year lows...

If Watson is so smart, how is this possible? As we asked last night...

Also, why shouldn't the $100 billion in stock buybacks and the $30 billion in capex be flipped? https://t.co/aRuRXVhusZ

— zerohedge (@zerohedge) October 19, 2015

As we remind readers that IBM's return on $100bn in stock buybacks since 2007 is -15%

* * *

But of course - The BTFD'ers do not care...

Charts: Bloomberg

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Tue, 10/20/2015 - 09:54 | 6689174 Sudden Debt

Ibm isn't what it used to be. It's a typical iconic company drowning in bureaucracy that will die.

Once a company starts doing complaicency tests on their employees every 6 months, you kill employee flexibility.

And that's about every fortune 500 company out there.

Tue, 10/20/2015 - 09:58 | 6689180 gcjohns1971

Instead of dying they manipulate the regulatory and social environment to make alternatives impossible.

It is World War 'Z' and we're losing.

But the Zombies don't shuffle and wear bloodstained clothing.

Instead they wear Armani and Saville Row, and throw parties for sociopaths in government.

But they still want to eat your flesh...they are zombies, after all.

Tue, 10/20/2015 - 10:15 | 6689275 NoDebt

IBM is dollar cost averaging their share repurchases. They are long term investors. There has never been a better time to buy IBM stock. Buy now before you're priced out of the market.

Tue, 10/20/2015 - 10:26 | 6689324 kliguy38

Yup......BTFD....after all, what's the worst that could happen to you.....

Tue, 10/20/2015 - 10:09 | 6689242 I am a Man I am...

A friend of mine works for IBM, I bet they spend a million bucks a year flying him around the world. I have no idea what he does and he's explained it to me at leat 3 times. He makes average pay. I just assumed he was CIA or DOD or something.

Tue, 10/20/2015 - 09:54 | 6689175 gcjohns1971

Regulatory capture and strategic 'campaign donation' and lobbying are more apparently productive in our financialized world than actual production.

Tue, 10/20/2015 - 10:00 | 6689198 I am a Man I am...

Apple's up.

Tue, 10/20/2015 - 10:30 | 6689348 silverer

Newton says "no". Cover your head.

Tue, 10/20/2015 - 10:00 | 6689201 VW Nerd

First 30 minutes of the trading day. Chart goes straight down, stops dead in it's tracks and shoots straight back up to break even/positive. Every day. Interesting......

Tue, 10/20/2015 - 10:16 | 6689283 NoDebt

It's almost like there's..... a pattern or something.

Tue, 10/20/2015 - 10:09 | 6689238 ghostzapper

Langley can chip in by buying an iwatchdogcrap for each of its ISIS employees.

Tue, 10/20/2015 - 10:16 | 6689285 thismarketisrigged

The dow is not down for shit.

this fucking fraudulent ''market'' has been doing the same thing for over the past 3 weeks now. every fucking day ends in green, some days, very few, u have a red start but by 10 am it is always flat then gets into the green shortly after.

i wish these bastards were held accountable.

Tue, 10/20/2015 - 10:21 | 6689313 silverer

The market will correct when people start selling their iPhones to buy food.

Tue, 10/20/2015 - 10:26 | 6689329 jeff montanye

and or dropping the cable tv

Tue, 10/20/2015 - 10:19 | 6689300 Hohum

Here's the paradox: The Dow is up every day, yet down YTD. How can this be?

Tue, 10/20/2015 - 10:20 | 6689302 Ness.

Equities go vertical.

Thanks for the post. Works every time.

Tue, 10/20/2015 - 10:20 | 6689307 silverer

No amount of QE is going to paper over the truth. Eventually, and probably sooner than later, we're fucked.

Tue, 10/20/2015 - 11:01 | 6689392 MedicalQuack

Well not too long ago the Chief Computer Scientist that created IBMWatson, left and went to work for a Hedge Fund. True story.

http://ducknetweb.blogspot.com/2014/06/ibm-computer-scientist-leaves-ibm.html

And then there's the secret relationship with CitiBank that uses Watson that "nobody" talks about. I just assume they could be using cognitive technology over there to score consumers and see which ones might be less likely to notice additional fees tacked on, since Citi was heavily fined for that and no consumers really complained...what kind of intelligence might that be?

http://ducknetweb.blogspot.com/2012/03/ibm-watson-going-to-work-at-citigroup.html

And we also have the IBM CVS data selling analytics going here, where I said "please make this stuff stop"..it's all about making money selling your data..outside of mainframes, where IBM has chosen to go..

http://ducknetweb.blogspot.com/2015/07/cvs-and-ibm-watson-projectplease-make.html

Tue, 10/20/2015 - 10:44 | 6689409 Kaiser Sousa