• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Apple Decouples From Stock Market Gravity

Tyler Durden's picture


For the first time since the end of January (and for only the 4th day this year) AAPL is trading higher with the S&P trading down... the S&P has surged after each previous event, will it this time or has it lost its QE mojo?


Chart: Bloomberg

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Wed, 02/29/2012 - 16:35 | 2209512 lolmao500
lolmao500's picture

AAPL... the stock of proud slave owners!

Wed, 02/29/2012 - 16:36 | 2209518 zanza
zanza's picture

I'm a slave owner, and when I buy stocks, I prefer AAPL stock.

Wed, 02/29/2012 - 19:50 | 2210329 Zero Govt
Zero Govt's picture

it's hard for under-achieving retards to deal with perfection in corporate technological cool, especially in socialised monopolised America

but as the Bible so wisely says, take not the splinter out your Brothers eye but the wank(er) with his head up his arse

Wed, 02/29/2012 - 16:35 | 2209514 Lost Wages
Lost Wages's picture

Apple is the new safehaven.

Wed, 02/29/2012 - 16:39 | 2209534 A Nanny Moose
A Nanny Moose's picture

You can't eat...um...Apple

Wed, 02/29/2012 - 17:07 | 2209700 lolmao500
lolmao500's picture

You can't burn gold to keep warm in winter... but you can burn fiat money... Fiat money wins!

Wed, 02/29/2012 - 17:28 | 2209817 Indrid Cold
Indrid Cold's picture

Apple is a New Paradigm.  

This time it'll be different.

Wed, 02/29/2012 - 17:40 | 2209895 Chip
Chip's picture

Already HAS been different, guy. 

Thu, 03/01/2012 - 01:43 | 2211395 Indrid Cold
Indrid Cold's picture

Yes, but will it continue being different (avoiding a big tumble) tomorrow, next week, and next year, after I jump in the pool?


Wed, 02/29/2012 - 16:38 | 2209531 junkyardjack
junkyardjack's picture

Gold just decoupled

Wed, 02/29/2012 - 16:40 | 2209540 JPM Hater001
JPM Hater001's picture

I know...what a takedown in PM's today.

All normal though.  Indicates nothing.

"Game on!"

Wed, 02/29/2012 - 16:50 | 2209604 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Regulators!  Mount up.

Wed, 02/29/2012 - 19:59 | 2210365 Zero Govt
Zero Govt's picture

Regulators... 'Duck'

..and sit on the Law whistling Dixie pretending the Cartel crooks do not exist while they pay your wages.. same as it ever was

Wed, 02/29/2012 - 16:39 | 2209532 AllThatGlitters
AllThatGlitters's picture

Might have simply been waiting for a ZH headline like this before it started selling.  Look again.

Wed, 02/29/2012 - 16:44 | 2209563 AllThatGlitters
AllThatGlitters's picture

And then a comment like mine to stop the drop.

Wed, 02/29/2012 - 16:44 | 2209539 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Has Jim Rickards taken over Zereo Hedge or what?  Tyler, were you expecting Bernanke to ever announce QE 3?  Is ZIRP+OT2+$1T of FX swaps+PPT not good enough?

I understand MS et al banging the drums that there is no current QE, and that CNBC et al will run headlines like "Hopes of Stimulus Fizzle", but here too?

Wed, 02/29/2012 - 16:40 | 2209547 HarryM
HarryM's picture

"Putting all your aapl's in one basket "

followed by

"The aapl that broke the camels back"


Wed, 02/29/2012 - 16:41 | 2209551 rubearish10
rubearish10's picture

Flight to "fruity" cash!

Wed, 02/29/2012 - 16:43 | 2209560 devo
devo's picture

I'm really hoping silver drops into the 20s...want more.

Wed, 02/29/2012 - 16:46 | 2209576 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

There are a lot of puts on $25, but I'll start buying bullion if we get back below $30.

Wed, 02/29/2012 - 16:53 | 2209625 WonderDawg
WonderDawg's picture

I should have warned you guys gold was gonna tank. I bought a shiny coin last week, thus guaranteeing they would go on sale this week.

Wed, 02/29/2012 - 17:12 | 2209736 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I told people not to buy yesterday and I got the shit junked out of me.

Wed, 02/29/2012 - 20:23 | 2210379 Zero Govt
Zero Govt's picture

WonderDawg  -  not good enough

I bought six figures of Gold and Silver today and the price tanked within minutes

even 'better' I'd shorted Silver at $30.50 a short while ago and within minutes it took off like a scalded cat

when you're as crap as me at timing ineptness can sometimes reach an equilibrium (i hope!) where your shorts cancel your longs

i think it's called hedging or covering but in truth it's because you haven't got a friggin clue

Wed, 02/29/2012 - 16:43 | 2209561 rubearish10
rubearish10's picture

Can't break the APPLE BUCK!

Wed, 02/29/2012 - 16:46 | 2209574 The Axe
The Axe's picture

AAPl being used to prop market up....wait until this tning cracks...and it will

Wed, 02/29/2012 - 16:47 | 2209591 adr
adr's picture

When I hang myself I prefer iNoose.

Wed, 02/29/2012 - 17:07 | 2209697 distopiandreamboy
distopiandreamboy's picture

The iNoose, priced so high, it'll be the last thing you ever buy!

Wed, 02/29/2012 - 16:54 | 2209632 chrispycrunch
chrispycrunch's picture

Blood money, IMO.

Wed, 02/29/2012 - 16:55 | 2209640 optimator
optimator's picture

I'm curious as to why ITT is up 7% today.

Wed, 02/29/2012 - 17:01 | 2209669 FranSix
FranSix's picture

AAPL is the HM (Homestake) of the modern depression.

Wed, 02/29/2012 - 17:07 | 2209704 Robslob
Robslob's picture

iBenranke live and well


Unfortunately there aren't enough iJobs to go around....

Wed, 02/29/2012 - 17:12 | 2209743 The trend is yo...
The trend is your friend's picture

"every day i'm shufflin " decoupolin

Wed, 02/29/2012 - 17:24 | 2209788 SheepDog-One
SheepDog-One's picture

Hustlin, decouplin, reverse repo'in, non QE'in...

Wed, 02/29/2012 - 17:13 | 2209749 nobusiness
nobusiness's picture

The guys from Gold Rush must have cashed in there gold crushing the market with supply

Wed, 02/29/2012 - 17:22 | 2209784 SheepDog-One
SheepDog-One's picture

What sense does holding a $500 stock make at all? Hoping to gain $5 or $10? This kind of crap never made any sense at all to me. 

As far as whether the full retard equities follow Apple up next, I doubt it myself. QE is off and Bernank is reverse repo'ing? It may take the hockey helmeted equity markets a bit of time for reality to sink in, but I suspect 'BTFD markets cant go down' BS is over and we're headed into a new phase. Bull money must be looking very delicious right now, all fatted up and calmly chewing their cudd, to the cash starved central banking machine.

Wed, 02/29/2012 - 17:32 | 2209840 Indrid Cold
Indrid Cold's picture

Lots of money (and many investors) chasing too few quality equities.  AAPL is perceived to be unstoppable... so when the perception is pierced, what happens to AAPL?

Wed, 02/29/2012 - 17:35 | 2209862 CvlDobd
CvlDobd's picture

Come on don't totally swallow the ZH hook, line, and sinker.

It was up $7 today! It keeps proving the "it can't go higher" crowd wrong for the past $300. And how are you going to bash a $500 no div. stock and love a $1700 no div. commodity at the same time?

I agree with the premise to own gold and that apple is a bubble but that doesn't mean the "market " will play along.

Wed, 02/29/2012 - 19:06 | 2210211 Indrid Cold
Indrid Cold's picture

Who's saying it can't go higher?  The only question is, is tomorrow the day when there are no bigger fools available to buy AAPL?

Wed, 02/29/2012 - 17:28 | 2209822 asteroids
asteroids's picture

You'll wake up some morning and APPL will be down $50 or more. And "poof... it's gone". The smart money left the building weeks ago leaving retail to hold the bag.

Wed, 02/29/2012 - 17:36 | 2209868 BaggerDon
BaggerDon's picture

We have seen it all before,,,,,,,,,,,JDSU, fiberoptics all over the world,,,,,,,,,,WorldCom, new style phone company......SunMicro, serveres all over the world for the internet....CMGI, internet juggernaut, unstoppable.................and today,,,,,,,,,APPL, UNSTOPPABLE - sure...

Wed, 02/29/2012 - 17:36 | 2209870 rbhatia613
rbhatia613's picture

Just bought an iPhone. I'd like to thank Foxconn for their sacrifice. 

Prediction: Apple drops for the same reasons it dropped in the 90s: being too greedy to outsource its software. Gates already proved quantity wins over quality -- why would that change now? 

Wed, 02/29/2012 - 17:41 | 2209899 Dabale arroz a ...
Dabale arroz a la zorra el abad's picture

Want to see how corporativism looks like? Seek no more, check the Barcelona Mobile World Congress defended by Catalan riot police: http://www.flickr.com/photos/nestort_ura_illa/6941615215/in/set-72157629482774945

Mussolini would be proud

Wed, 02/29/2012 - 18:49 | 2210156 iraskin
iraskin's picture

Fellas, listen to me this is it. It's time for Aapl to mark it's 52 week high and money will move from it to JPMorgan for the rest of the year. Sit back and relax.

Wed, 02/29/2012 - 21:18 | 2210540 Atomizer
Atomizer's picture



Apple needs to release the iPad HFT application to offset the 15% +/- correction about to unfold. Between China and US prison operation shutdowns, we can only anticipate the glories of put options.

Rikers inmate 'ran credit card scam behind bars to buy more than $1million in iPads and Apple computers'

Thu, 03/01/2012 - 05:26 | 2211673 cnhedge
cnhedge's picture

interesting, we'll check it out. ipad3 is coming.


Thu, 03/01/2012 - 09:13 | 2211973 covert
covert's picture

interesting, way to go apple!



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