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Apple Falls

Tyler Durden's picture


Major misses everywhere, and this for the second quarter in a row - from the Q3 earnings report:

  • APPLE 3Q REV. $35.02B, EST. $37.25B
  • APPLE 3Q EPS $9.32, EXP. $10.37
  • APPLE SEES 4Q REV. ABOUT $34B, EST. $38.01B
  • AAPLE 3Q GROSS MARGIN 42.8%, EST. 43.8%

Third quarter in a row of total revenue declines:

More importantly, in Q3 revenues declined across every geography sequentially:


Is the dream over - 4 years of AAPL dividends wiped out in seconds:

However don't cry for Apple: it has $117.2 billion in cash and equvalents: a $7 billion increase in the quarter.

As a reminder, everyone is in this: Nubmer of funds owning AAPL stock

Full breakdown of the 50 most widely held HF stocks per Goldman Sachs:


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Tue, 07/24/2012 - 16:35 | 2646907 bmusic
bmusic's picture

I believe it is.  It will be interesting to see what rumors are generated tonight/tomorrow to save the ship.

Tue, 07/24/2012 - 16:39 | 2646947 Cursive
Cursive's picture


Rumors?  Easy.  4Q12 will be BLOCKBUSTER!  Benny's got your back!  BTFD!

Tue, 07/24/2012 - 16:40 | 2646969 veyron
veyron's picture

BTFD.  People holding out for iPhone 5, or so they say ...


AAPL will hit 700 when they start accepting EBT cards for iphones ...

Tue, 07/24/2012 - 16:43 | 2646985 hedgeless_horseman
hedgeless_horseman's picture



Apple missed, but doesn't close count?


Tue, 07/24/2012 - 16:44 | 2647005 John Law Lives
John Law Lives's picture

Funny image!

Tue, 07/24/2012 - 17:06 | 2647052 TruthInSunshine
TruthInSunshine's picture

Sir Isaac Newton, bitchez.



APPL is both a metaphor for and actual cog in the wheel contributing to the crumbling pillar of the unstable foundation barely supporting equity asset prices (temporarily lifted and dramatically overpriced with help from the radical, unprecedented hot beef injections of trillions in fiat by a batshit crazy fractional reserve banking insane asylum) and false hope in a broad, organic economic turnaround, bitchez. Here's a very accurate, insightful & entertaining explanation of this: JibJab

Priced for Unicorn Perfection.

It's different this time.

Buy unless you're Frank Reardon and banned from doing so.

(very nice work, HH)



When your wheels stop turning
And you feel let down
And it seems like troubles
Have come all around
I can hear your heart beating
I can hear that sound
But I can't help thinking
And I won't look now

And then I looked up at the sun
And I could see
Oh, the way that gravity pulls on you and me
And then I looked up at the sky
And saw the sun
And the way that gravity pushes on everyone
On everyone
On everyone

On everyone
On everyone
On everyone

Tue, 07/24/2012 - 17:39 | 2647234 Fukushima Sam
Fukushima Sam's picture

Fuck yeah, take that you central planning Apple motherfuckers!  Once again the competitors are going to eat your lunch, and this time Jobs won't be around to drum up the zombies!

Only problem is now we're going to have to hear Reggie Middleton gloating about it...

Fuck you, Apple, eat shit and die!

Disclaimer: I hate Apple

Tue, 07/24/2012 - 18:13 | 2647326 Arnold Ziffel
Arnold Ziffel's picture

Doesn't every 5 year old iKid need three iPads hanging from his belt?

Tue, 07/24/2012 - 22:50 | 2647855 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Crapple craps out. All delusions will come to an end some day.

Tue, 07/24/2012 - 23:00 | 2647878 engineertheeconomy
engineertheeconomy's picture

 Steve Jobs was a sociopath. So are people that think AAPL can go up forever

Tue, 07/24/2012 - 19:52 | 2647539 Rottenclam
Rottenclam's picture

I like Reggie's articles, but that was pretty funny...and very true.

*gives greenie*

Wed, 07/25/2012 - 00:25 | 2648058 Freddie
Freddie's picture

I like Reggie too.  He is a million times better than the liar kramer.  TV is shit and for morons.  I do like listening to Reg on RT on the web.

cr-Apple - well this was a big miss so maybe they can start channel stuffing like GM-Obama or Chrysler-Fiat-Obama.

Hey Tyler's - give us a list off all the big holders of CR-AP-ple.   Did Whitney own it?  Paulson?  Like Tylers graph shows - most hedge fund liars own CR-AP-ple.

Tue, 07/24/2012 - 23:04 | 2647888 lilimarlene1
lilimarlene1's picture

I read an analyst, a Mr. Wu, saying "I didn't take into account the Ipad's margins" or words to that effect.

And I thought "uh oh, margin compression post from Reggie incoming."

Tue, 07/24/2012 - 17:40 | 2647241 The Monkey
The Monkey's picture

IPhone 5 is coming out, but before is does, the EU may implode, ubber inexpensive models may find the market, etc.

These were weak results. The only one who can put lipstick on this pick is Uncle Ben.

Tue, 07/24/2012 - 19:55 | 2647277 The Big Ching-aso
The Big Ching-aso's picture



AAPL needs a MaxiPad to stem this bleeding when it gets heavy.

Tue, 07/24/2012 - 17:00 | 2647094 falak pema
falak pema's picture

poor William Tell's son! 

Tue, 07/24/2012 - 16:59 | 2647091 Jim in MN
Jim in MN's picture

Shades of William S. Burroughs....

Tue, 07/24/2012 - 18:40 | 2647378 TheFourthStooge-ing
TheFourthStooge-ing's picture


Shades of William S. Burroughs....

Apple's going down, like a big bald head, disappearing behind the boulevard...

...and Sharkey says, "hey, Robotrader, Long time no see!" He says, "hey, tard, you connect the dots, you pick up the pieces."

Tue, 07/24/2012 - 19:05 | 2647426 jonjon831983
jonjon831983's picture

GAME OVER??? I thought the game was to knock the apple ONTO the ground...  Ok, bring up the next guy, I think I know the rules now.

Tue, 07/24/2012 - 21:21 | 2647708 The Gooch
The Gooch's picture


Tue, 07/24/2012 - 16:42 | 2646986 5880
5880's picture

What does Hilsenrath think?

Tue, 07/24/2012 - 16:43 | 2646997 HD
HD's picture

 The Fed will let him know what he thinks...

Tue, 07/24/2012 - 17:42 | 2647246 NotApplicable
NotApplicable's picture

Isn't it Dudley that diddles him like his favorite puppet?

Tue, 07/24/2012 - 18:39 | 2647376 Michael
Michael's picture

I sense a disturbance in the force.

Perhaps it's the egos of 226 hedge fund managers bashing each others brains in. That much ego exploding all at once can do a lot of damage very quickly.

Wed, 07/25/2012 - 01:32 | 2648139 The Monkey
The Monkey's picture

226 hedge fund managers will either collude to ensure there is a bid, or, tell one another that, "the price looks good, we're buying more", as they sell.

Tue, 07/24/2012 - 16:44 | 2647013 Pancho Villa
Pancho Villa's picture

NFLX and now AAPL. Robottrader, say it ain't so!

Also, EUFN is down 10.1% YTD. vs +6.41% for the S&P500. European financials have a good bit of catching up to do if they are going to be the top performing sector of 2012 as you predicted.

Tue, 07/24/2012 - 17:49 | 2647263 Taffy Lewis
Taffy Lewis's picture

I'm worried that Robottrader might jump in front of that special little bus that picks him up in the morning.


Tue, 07/24/2012 - 16:51 | 2647049 BLOTTO
BLOTTO's picture

Apple - the fall of man...


AAPL - the fall of mankind.

Tue, 07/24/2012 - 16:56 | 2647065 EscapeKey
EscapeKey's picture

Yes, the iPhone will feature 5 new pixels, and a new cup holder, and hence be really fucking innovative and ahead of the curve.

iPhone = underpowered fanboy phone with ridiculously crap multitasking, which plays catch up with leading 'droids.

Tue, 07/24/2012 - 17:13 | 2647147 geminiRX
geminiRX's picture

I am going to raise my hand shyly and say that I really like my iPhone...even though it's just a version 4.

Tue, 07/24/2012 - 17:38 | 2647235 eclectic syncretist
eclectic syncretist's picture

iphones are nice, but they've moved from being fashionable to just another electronic commodity with no reason to have a premium priced in, especially since just about everyone who wants one already has one. 

Tue, 07/24/2012 - 17:57 | 2647274 geminiRX
geminiRX's picture

I own a 5 yr old MacBook pro which i paid a cost premium over the competitors. I gotta admit that I got every penny out of the premium paid. Reliable, no antivirus requirements, no crap clogging the registry, no defragging requirements, and runs as fast as the day I bought it. I agree with zerohedge that the stock has had a good run but stock price has gotten well ahead of reality.

Tue, 07/24/2012 - 20:41 | 2647643 krispkritter
krispkritter's picture

Boy are you an Apple drone... "no antivirus requirements" Good f'in luck with that or did you miss the implementation of that in the last couple versions of OSX? Or the sweeping under the rug of all the news of the rampant infections of Macs with malware? Keep dreaming of blowing're the kind of iDumbass 5.0 they're hoping for...

Tue, 07/24/2012 - 22:55 | 2647867 jerry_theking_lawler
jerry_theking_lawler's picture

my niece (an igadget fan...who doesn't have a job and is in school...graduate studies at that) bought a macbook about 2 years ago...gloated about how 'robust', 'fast', 'virus-free' the macs were. got a virus and fried that bitch with all past school work, notes, tests, pictures, etc with no backup. took it to an apple store and they said it was unrecoverable. hah.

you noticed my comment: 'virus-free' the macs were.....

Wed, 07/25/2012 - 09:18 | 2648767 flapdoodle
flapdoodle's picture

Yeah, but the iPhone 5 will be a 'must have' with all the Apple fanboys as it will come with a vibrator, called the iGerbil

Tue, 07/24/2012 - 17:17 | 2647165 blunderdog
blunderdog's picture

I don't care for iPhones, but they do have the best interface.  Apple's been doing the one-button mouse thing for 30 years.  They really do have that shit down.

Tue, 07/24/2012 - 17:23 | 2647181 ebworthen
ebworthen's picture

The iPhone 5 is going to obsolesce every iPhone accessory of the past ten years with it's new connector:

If I had "invested" in the iPhone product stream this would really piss me off.

Tue, 07/24/2012 - 17:25 | 2647190 Bastiat
Bastiat's picture

But you would deserve it because Apple has been abusing its customers like that forever. 

Tue, 07/24/2012 - 23:15 | 2647912 engineertheeconomy
engineertheeconomy's picture

But it was worth every penny because he was wearing a black turtleneck shirt. Fucking losers

Tue, 07/24/2012 - 18:54 | 2647397 tamboo
tamboo's picture

they have a long history of abusing the populace with expensive connectors,

they even used to glue plastic fittings onto usb cords so they wouldnt be compatible with other usb

unless you pry off the damn plastic. takes a guy like joobs to operate like that.

Wed, 07/25/2012 - 02:47 | 2648202 BigInJapan
BigInJapan's picture

That's classic SONY right there...
Proprietary connectors...

Tue, 07/24/2012 - 17:04 | 2647115 Agent P
Agent P's picture

"AAPL will hit 700 when they start accepting EBT cards for iphones ..."

I've seen plenty of EBT cardholders with iPhones...there is very little difference between allowing iPhone purchases directly with EBT vs. giving someone EBT so they can use their cash to buy iPhones instead of groceries.

My apologies to all those on EBT who truly need it...I wish you the best and hope things turn around for you.  To those on EBT who fit the scenario above...FUCK YOU!!!

Tue, 07/24/2012 - 22:10 | 2647796 smiler03
smiler03's picture

I don't understand why "owning" an iphone is seen as something you must not own unless you're wealthy. Any idiot, rich or not, can sign up to $xx.xx per month for the priviledge of "owning" a pretty phone.

Some of us with brains can spend that relatively small amount of money on netflix. ;O)

Tue, 07/24/2012 - 23:21 | 2647932 engineertheeconomy
engineertheeconomy's picture

You're right. You don't understand.

Tue, 07/24/2012 - 16:41 | 2646978 SHEEPFUKKER

Gee, I wonder if Hilsenrath was privy to Apple's earnings before launching his almost daily Fed ready to act just prior to close Houdini trick. 

Tue, 07/24/2012 - 16:42 | 2646993 Squid Vicious
Squid Vicious's picture

Apple whoremonger in-chief Gene Munster already talking about lines around the block for the next I-fone ... lol

Tue, 07/24/2012 - 16:44 | 2647008 financial apoca...
financial apocalyptic contagion's picture

we did it!

Tue, 07/24/2012 - 17:51 | 2647266 stocktivity
stocktivity's picture

Stores better start their Christmas sales soon.

Tue, 07/24/2012 - 16:38 | 2646950 ihedgemyhedges
ihedgemyhedges's picture

Save the ship???? MAN THE LIFEBOATS!!!!!

Tue, 07/24/2012 - 16:40 | 2646963 homersimpson
homersimpson's picture

Tomorrow they announce the new toy called the iShit.. basically it's a shiny, metallic, and slim device that devalues the longer you hold it.

Tue, 07/24/2012 - 16:55 | 2647066 Unprepared
Unprepared's picture

"basically it's a shiny, metallic, and slim device that devalues the longer you hold it."


i$hit = the Dollar?

Tue, 07/24/2012 - 17:54 | 2647278 NotApplicable
NotApplicable's picture

A dime.

Tue, 07/24/2012 - 16:58 | 2647083 Cursive
Cursive's picture


There actually will be another worthless update released tomorrow.  Mountain Lion will be available for download tomorrow.  Be sure to put that on your calendar.

Tue, 07/24/2012 - 17:02 | 2647101 otto skorzeny
otto skorzeny's picture

sounds like the butt plug I have in now

Tue, 07/24/2012 - 17:18 | 2647171 rosiescenario
rosiescenario's picture

..does it vibrate?

Tue, 07/24/2012 - 17:25 | 2647191 ebworthen
ebworthen's picture

lol...I was going to say..."Sounds like a cheap vibrator."

At least with a vibrator you can replace the battery.

Tue, 07/24/2012 - 17:02 | 2647110 slaughterer
slaughterer's picture

With the global depression and Obamacare, nobody can afford AAPL products anymore.  

Tue, 07/24/2012 - 17:08 | 2647131 geewhiz190
geewhiz190's picture

companies across every industry group are reporting lower revenues year over year almost without exception. too many leaks in too many places

Tue, 07/24/2012 - 17:19 | 2647173 FL_Conservative
FL_Conservative's picture

Looks like the hedge fund hotel is gonna have some vacancies.

Tue, 07/24/2012 - 17:36 | 2647226 stocktivity
stocktivity's picture

Holy Shit! how do all the hedge funds, pension plans, ect all try to sell at once?

Tue, 07/24/2012 - 18:56 | 2647400 franzpick
franzpick's picture

Watch for the impending AAPL moment, opening down 75-100 points one of these mornings soon, which ought to clear the market for awhile, but with 200 or so funds unable to leave hotel california.

Tue, 07/24/2012 - 17:37 | 2647233 Gringo Viejo
Gringo Viejo's picture

All things considered, would you prefer holding Apple @ $645.00 or Silver @ $49.00?

Tue, 07/24/2012 - 19:45 | 2647522 ParkAveFlasher
ParkAveFlasher's picture

the silver, hold it until jpm implodes like bear stearns before it.

Tue, 07/24/2012 - 17:54 | 2647273 Dr. No
Dr. No's picture

Haha.  $170+ billion in the bank and need rumors to save the ship?  Like every american, the only thing we like better than a success story, is a fall from success story.  But a miss by a company sitting on $170B has a long way to fall before they join comany with GM, RIMM, et al.

Tue, 07/24/2012 - 18:39 | 2647375 Rich Bagg
Rich Bagg's picture

I plan to buy an Iphone 5.  Shalom will print Apple's market cap plus some next next according to Steve Lies-man and Ron "Penis Face" Insana.

Shalom knows what's best.  Don't fight Shalom.



Tue, 07/24/2012 - 19:15 | 2647451 spekulatn
spekulatn's picture

I believe it is.  It will be interesting to see what rumors are generated tonight/tomorrow to save the ship.


Rumors. No rumors. We don't need no stinkin rumors.


The quarter was transitory.  

Upwards we go, bitchez.

Or do we??

Tue, 07/24/2012 - 19:23 | 2647467 franzpick
franzpick's picture

One morning soon when AAPL opens down 100, the phones will become known as the iScream.

Tue, 07/24/2012 - 21:34 | 2647737 Buck Johnson
Buck Johnson's picture

They already started on CNBC, also do we know for sure they have 117 billion in cash?

Tue, 07/24/2012 - 22:15 | 2647807 smiler03
smiler03's picture

I would say that given their sales of shiny shit at ludicrous prices they probably have even more than $117bn.

Tue, 07/24/2012 - 16:35 | 2646913 smlbizman
smlbizman's picture

maybe jobs was a better accountant, than a visionary

Tue, 07/24/2012 - 16:56 | 2647071 Think for yourself
Think for yourself's picture

jobs was never a visionary, he was a designer and ceo. The Woz has always been the visionary.

Tue, 07/24/2012 - 17:20 | 2647178 iDealMeat
iDealMeat's picture

Neither were / are..  They took all the "vision" from Xerox R n' D , who got it from NASA..

"You didn't build that."    get it?


Tue, 07/24/2012 - 17:33 | 2647218 MsCreant
MsCreant's picture


Tue, 07/24/2012 - 22:16 | 2647810 smiler03
smiler03's picture


Wed, 07/25/2012 - 04:38 | 2648245 NoClueSneaker
NoClueSneaker's picture

Burrel Smith, Andy Herzfeld, JLG .... etc.

 Jobs went in the history as a narcisstic clown who ripped off his friends, and destroyed a hope for computing being something good for the ppl.

After all, ppl like John Gilmore, Richard Stallman, Donald Knuth and Linus Torvalds will be remembered on the long run. Gateses and Jobses definately not.

Tue, 07/24/2012 - 16:35 | 2646915 Cursive
Cursive's picture

7/24/12 AAPL just redefined "shitting the bed".

Tue, 07/24/2012 - 16:41 | 2646975 azzhatter
azzhatter's picture

that was diarhea man

Tue, 07/24/2012 - 16:44 | 2647009 bdc63
bdc63's picture

Don't Apple me Bro!

Tue, 07/24/2012 - 16:51 | 2647046 falak pema
falak pema's picture

O'bammy will tell us that for each solar panel sold by his subsidised friend an aapl will be offered to each man who votes for the right man in november. Double whammy for solar apples! 

Tue, 07/24/2012 - 17:25 | 2647192 kito
kito's picture

i hear rumors that vegas is placing bets................................

what comes first....iphone6 or qe6 ;)...............................

Tue, 07/24/2012 - 17:41 | 2647244 eclectic syncretist
eclectic syncretist's picture

Call in Corzine as the new CEO....

Tue, 07/24/2012 - 18:49 | 2647390 TheFourthStooge-ing
TheFourthStooge-ing's picture

Cursive said:

7/24/12 AAPL just redefined "shitting the bed".

"iShitting the bed."

Tue, 07/24/2012 - 16:35 | 2646916 earleflorida
earleflorida's picture


Tue, 07/24/2012 - 16:35 | 2646917 bob_dabolina
bob_dabolina's picture

Obama upcoming statement:

Bush's fault.

Tue, 07/24/2012 - 16:35 | 2646918 AccreditedEYE
AccreditedEYE's picture

I've waited SOOOO long for this moment...

Tue, 07/24/2012 - 16:36 | 2646934 realtick
realtick's picture

Me 2. It's been 2 long, brother.

Tue, 07/24/2012 - 16:44 | 2647000 AccreditedEYE
AccreditedEYE's picture

Just the beginning... people will realize they're just another tech company and the new thing will come along. For those who try and talk "cash on the balance sheet" to you, remind them that MSFT had the same problem and it sure as hell didn't help them out. Cheers.

Tue, 07/24/2012 - 16:54 | 2647059 Dr. Engali
Dr. Engali's picture

That's been my point all along. Microsoft was a "cool" happening company until it wasn't. Then the stock got cut in half and it didn't matter how much money they was dead money. Anybody who stayed in this thing after Steve Jobs is a fool.

Tue, 07/24/2012 - 18:10 | 2647320 notbot
notbot's picture

Anybody who stayed in this thing after Steve Jobs is a fool.

Not to point out the obvious, but you do realize it's up 60% since then?  (Let the hating begin in response to this comment) 

Tue, 07/24/2012 - 18:26 | 2647352 Dr. Engali
Dr. Engali's picture

Most of that run was based on what Jobs had in place. The question is what next?

Tue, 07/24/2012 - 19:59 | 2647563 malikai
malikai's picture

I remember this saying from the 90s that went something like "irrational exuberance" or something like that.

Just saying.

Tue, 07/24/2012 - 22:23 | 2647816 smiler03
smiler03's picture

Nobot, yes indeed about the Jobs +$$$$ effect.

What you need to understand though is that by being in anyway positive about apple is the equaivalent of being slightly skeptical about gold being $5000 next month.

I'll take your downvotes, your post can't. I think AAPL is extremely overpriced slightly more than run of the mill shit.

Wed, 07/25/2012 - 00:56 | 2648099 Freddie
Freddie's picture

There has been talk about the next big thing being iTV.  TV is now a horrible commodity business but it always has been.  There are not many other niches they can go into.  They are up against the law of large numbers and it always wins.

Wed, 07/25/2012 - 12:28 | 2649740 notbot
notbot's picture

Engali - that is my whole point.  Anyone who didn't see that AAPL had a lot of runway in their current product portfolio and addressable market (with or without Jobs) was the "idiot."  No offense intended, just mean that passing up a 60% run in 9 months is crazy.  Get out now if you think their product roadmap is trades like water... but it wasn't smart to sell at that time.

Tue, 07/24/2012 - 17:11 | 2647139 geewhiz190
geewhiz190's picture

anybody old enough to remember when Memorex was the hottest name on the board? anybody?

Tue, 07/24/2012 - 17:17 | 2647166 Dr. Engali
Dr. Engali's picture

Is it live or is it Memorex?

Tue, 07/24/2012 - 17:22 | 2647182 rosiescenario
rosiescenario's picture you went south down 101, you knew you were about to enter the soon to be named 'Silicon Valley' when Memorex's sign appeared on your right.....


And there was Fairchild, Varian, Monolithic Memories, National Semiconducter, etc. One big difference back then, we made all the stuff here in the U.S. We invented it and pioneered its production and then the corporations gave it away.

Tue, 07/24/2012 - 17:46 | 2647255 camaro68ss
camaro68ss's picture

Hey, lest traffic for me now.

Tue, 07/24/2012 - 18:58 | 2647406 Tippoo Sultan
Tippoo Sultan's picture

+1, Rosie. +1.

Tue, 07/24/2012 - 16:49 | 2647043 SMG
SMG's picture

But CNBC says it's going to 1500.  Why would they try and mislead me? I thought we were friends.




Tue, 07/24/2012 - 17:01 | 2647100 EscapeKey
EscapeKey's picture

It is a conviction buy, as is Bear Sterns.

And Jon Corzine is a good man, who wouldn't hurt a fly.

Tue, 07/24/2012 - 18:47 | 2647386 Al Huxley
Al Huxley's picture

Well conviction should certainly play a role somewhere.

Tue, 07/24/2012 - 16:35 | 2646920 lizzy36
lizzy36's picture

Every one of HF's with AAPL as top position just got gut rot, instantly. 2/20 adding value since 2008.

Tue, 07/24/2012 - 16:37 | 2646938 spastic_colon
spastic_colon's picture

including the S&P

Tue, 07/24/2012 - 18:16 | 2646944 fuu
fuu's picture

Awww, might as well jump.

Tue, 07/24/2012 - 18:41 | 2647381 RSloane
RSloane's picture

+10 to you, Sir.

Tue, 07/24/2012 - 19:01 | 2647410 TheFourthStooge-ing
TheFourthStooge-ing's picture

fuu said:

Awww, might as well jump.

Go ahead and jump.

Tue, 07/24/2012 - 21:27 | 2647720 fuu
fuu's picture

The judges would have also accepted: Jump You F*#kers.

Tue, 07/24/2012 - 17:01 | 2647104 Yikes
Yikes's picture

With Apple being 4-5% of the S&P and 5% down after hours.  Yes, heartburn headed into tomorrow.

Wed, 07/25/2012 - 00:59 | 2648103 Freddie
Freddie's picture

Isn't CR-AP-ple about 15% if the NASDAQ?  

Tue, 07/24/2012 - 17:15 | 2647155 Agent P
Agent P's picture

That's the beauty of 2/20...even if you suck, you still get to keep the 2.

Tue, 07/24/2012 - 16:35 | 2646922 realtick
realtick's picture

Thank God. I thought this nightmare would never end.

Tue, 07/24/2012 - 16:36 | 2646923 HD
HD's picture


Tue, 07/24/2012 - 16:36 | 2646933 Piranha
Piranha's picture


Tue, 07/24/2012 - 16:49 | 2647036 falak pema
falak pema's picture


Tue, 07/24/2012 - 17:04 | 2647116 Temporalist
Temporalist's picture


Tue, 07/24/2012 - 17:47 | 2647257 camaro68ss
camaro68ss's picture

Iappled the bed

Wed, 07/25/2012 - 01:31 | 2648108 Freddie
Freddie's picture


Tue, 07/24/2012 - 16:39 | 2646962 Yikes
Yikes's picture


Tue, 07/24/2012 - 16:41 | 2646983 Arie L Ultra
Arie L Ultra's picture


Tue, 07/24/2012 - 16:46 | 2647018 Ineverslice
Ineverslice's picture


Tue, 07/24/2012 - 17:05 | 2647124 flapdoodle
flapdoodle's picture


Tue, 07/24/2012 - 19:26 | 2647479 Karl von Bahnhof
Karl von Bahnhof's picture

For food stamps.

Tue, 07/24/2012 - 16:36 | 2646925 spastic_colon
spastic_colon's picture

i couldnt have been more wronger

Tue, 07/24/2012 - 16:36 | 2646926 Xibalba
Xibalba's picture

The world is broke...the bankers stole it all.  And bankers still use the crackberry. 

Tue, 07/24/2012 - 16:36 | 2646927 Jason T
Jason T's picture

The rollover has begun.  The golden age of high corporate profits is over!

Tue, 07/24/2012 - 16:42 | 2646989 homersimpson
homersimpson's picture

Well, in all fairness, generating 8.8 billion in a quarter can still buy a lot of politicians for a very long time..

Tue, 07/24/2012 - 16:36 | 2646930 distopiandreamboy
distopiandreamboy's picture

AAPL's earnings are postively correlated with student loan disbursements.

Tue, 07/24/2012 - 16:41 | 2646984 devo
devo's picture


And new credit cards.

Tue, 07/24/2012 - 17:31 | 2647210 pursueliberty
pursueliberty's picture

They will plan a realease when fall student loans hit the bank accounts in early september before all the money is spent.

Tue, 07/24/2012 - 16:36 | 2646931 BigMike
BigMike's picture


Tue, 07/24/2012 - 16:36 | 2646935 Conman
Conman's picture

Now we know why the Fed released hilsenrath at 3:55.

Tue, 07/24/2012 - 16:37 | 2646939 Dr. Engali
Dr. Engali's picture

No last minute rumor from Hilsenbarf will save this pig tommorow.

Tue, 07/24/2012 - 22:07 | 2647789 Bringin It
Bringin It's picture


Tue, 07/24/2012 - 16:38 | 2646940 tu-ne-cede-malis
tu-ne-cede-malis's picture

Hedge funds just got lit up...

Tue, 07/24/2012 - 16:56 | 2647075 bdc63
bdc63's picture

you just wait ... they will all claim to have gotten out of the name at the very very tippy top, and it was all the 'dumb money' that got seared ...

Tue, 07/24/2012 - 16:37 | 2646943 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

As AAPL is a leading indicator, we must have re-entered a recession.

Tue, 07/24/2012 - 16:43 | 2646994 papaswamp
papaswamp's picture

Bingo sir

Tue, 07/24/2012 - 17:16 | 2647161 camaro68ss
camaro68ss's picture

hahaha, I love this F*ing web site!

Tue, 07/24/2012 - 16:58 | 2647082 bdc63
bdc63's picture

No, no ... you don't understand ... it is only a leading indicator when it is going up ...

Tue, 07/24/2012 - 16:38 | 2646946 ryoma
ryoma's picture

On to Face Plant!

Tue, 07/24/2012 - 16:38 | 2646948 slaughterer
slaughterer's picture

Glad we are short 53,250 shares.  

Tue, 07/24/2012 - 17:29 | 2647204 spastic_colon
spastic_colon's picture

at an average of $250?     joke.....joke......don't shoot

Tue, 07/24/2012 - 16:38 | 2646956 Randall Cabot
Tue, 07/24/2012 - 16:41 | 2646957 falak pema
falak pema's picture

newton's law!

And HF's barbecue!

Its time that others burnt apart from the sheeple in greece and spain!

May these HFs rot in fiat hell! 

Tue, 07/24/2012 - 16:39 | 2646958 tmosley
tmosley's picture

Anti Claus is comin' to town, bitches.

Tue, 07/24/2012 - 17:16 | 2647158 RSloane
RSloane's picture

Now that you finally included the word "bitches" its +1 for you.

Tue, 07/24/2012 - 16:39 | 2646959 Central Bankster
Central Bankster's picture

See you guys at sub 500.  I will be adding puts tomorrow.  Hope it doesn't fall too hard tonight, I don't want to pay much for otm puts.

Tue, 07/24/2012 - 16:39 | 2646960 pods
pods's picture

Ouch, miss their top line estimate by 6%?  That's gonna leave a mark.


Tue, 07/24/2012 - 16:39 | 2646964 azzhatter
azzhatter's picture

Hard to say if it's over. Things are "cool" until everyone has one, then people start looking for the next cool thing. Rotation I believe they call it.

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