Apple Is Now 75% Of The Market Cap Of Europe's Entire Banking Index

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Fri, 08/19/2011 - 09:36 | 1576803 youngman
youngman's picture

Talk about a bubble....Apple..the worlds biggest toy maker...

Fri, 08/19/2011 - 09:46 | 1576834 Mercury
Mercury's picture

As the debt-fueld consumer economy runs into a brick wall, one very well-run and innovative consumer products company garners a staggering and increasingly larger percentage of aggregate consumer spending. Impressive to behold.  Sure hope Apple isn't too dependant on any one single mortal being...

Fri, 08/19/2011 - 10:15 | 1576983 Dental Floss Tycoon
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I am not sure how dependant Apple's longterm prospects are on Steve Jobs but Job's death would be a short term disaster.  

Makes it worth maintaining those deep out of the money AAPL puts.


Fri, 08/19/2011 - 09:41 | 1576835 TheTmfreak
TheTmfreak's picture

"toy maker"

Man you hit that one out of the ball park. I never put it in those terms but you're right. The stock of a toy maker is now a "safe haven."

Fri, 08/19/2011 - 10:15 | 1576984 Young
Young's picture

Well, people are retards, and retards love toys! What else could be more Safe Haven? Link to picture of three retards

Shit, sorry, wrong retards. Here we are:


Fri, 08/19/2011 - 09:44 | 1576851 Version 7
Version 7's picture

When a toy manufacturer is the biggest shark around that's about everything you need to know about your fellow man

Fri, 08/19/2011 - 09:53 | 1576902 Ned Zeppelin
Ned Zeppelin's picture

The FAO Schwartz of computer gadgets and toys on steriod, all the manufacturing for whihc is done by elves in China.  What a business model to be proud of.  A wealth extraction machine of the highest order.  "An iPad in every home, and an unemployment check in every mailbox."

Fri, 08/19/2011 - 11:34 | 1577504 ThisIsBob
ThisIsBob's picture

suicidal elves

Fri, 08/19/2011 - 12:08 | 1577669 I am a Man I am...
I am a Man I am Forty's picture

my mac products make me fucking happy, i'm typing on a mac right now having a good fucking time on my favorite website, best money i've ever spent, pc's suck, just bought more apple stock and have a shit ton already, apple should be worth twice the amount of a bunch of shit european banks

oh, and reggie hasn't the foggiest idea of what he is talking about when it comes to apple, so far i've been right and he has been wrong, i'm a champion

Fri, 08/19/2011 - 14:40 | 1578355 malek
malek's picture

Everybody is free to pay 50% more, for about same functionality in a nicer package...

By the way has a[pple finally introduced the right mouse button, so mac users can also get the convenience of context menus?
Three years ago, that was the biggest annoyance for me while sitting at my sister's mac.

Fri, 08/19/2011 - 14:59 | 1578418 theotheri
theotheri's picture

Short and post your trade big shot.  Only takes a second.

Fri, 08/19/2011 - 09:37 | 1576806 Cognitive Dissonance
Cognitive Dissonance's picture

Makes it easier to manipulate....dude. Get with the program.

Fri, 08/19/2011 - 09:38 | 1576810 kaiten
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Fri, 08/19/2011 - 11:39 | 1577534 centerline
centerline's picture

I like that.  Good one.

Fri, 08/19/2011 - 15:03 | 1578436 kaiten
kaiten's picture

Thanks ;)

Fri, 08/19/2011 - 09:38 | 1576812 unky
unky's picture

its ridiculous how a company mainly producing "toys" is so highly valued.

Fri, 08/19/2011 - 09:40 | 1576829 williambanzai7
williambanzai7's picture

What company doesnt produce toys?

Fri, 08/19/2011 - 10:05 | 1576948 Sudden Debt
Sudden Debt's picture

GM... there you have it....


Fri, 08/19/2011 - 09:42 | 1576839 Rothbardian in ...
Rothbardian in Cleveland's picture

Right wrong or indifferent, Apple is making crap that somebody wants.  Key words "making" and "wants".  In an economy based entirely on buying and selling and services it is somewhat reassuring that at least a company that makes crap people want is doing well.  Apple is the modern GM or US Steel I suppose.

Now, the larger issue of people buying electronic soma and playing angry birds while civilization crumbles...there you have a point.

Fri, 08/19/2011 - 09:44 | 1576852 Ricky Bobby
Ricky Bobby's picture

+1 Excellent post

Fri, 08/19/2011 - 10:06 | 1576954 ipahophead
ipahophead's picture

I agree with Ricky; +1. People are buying this stuff. Toys or not.

Fri, 08/19/2011 - 11:41 | 1577549 centerline
centerline's picture

LOL on the angry birds.

The key issue here is "want" versus "need."  Guess what takes a backseat the moment money gets funny.  You cant eat an iThingie.  So, 75% founded on something other than consumer staples.  Yeah, feels like a stable market to me.  Ha, ha.  

Fri, 08/19/2011 - 09:45 | 1576861 nantucket
nantucket's picture

all companies try to produce the same end product; cash.  the tools they use to generate the cash may differ...ipads, cars, houses, toothpaste,...but the end goal of virtually every company is the same...CASH!

Fri, 08/19/2011 - 11:29 | 1577470 cowdiddly
cowdiddly's picture

Steve Jobs first he screws his partner out of his part of the bus. now its= Beyond greed, You would think that this close to death he would perhaps drop the prices on his products for the consumer. 

Fri, 08/19/2011 - 09:39 | 1576814 Dagny Taggart
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Fri, 08/19/2011 - 09:42 | 1576838 Sudden Debt
Sudden Debt's picture

makes so much sense....

let's hope the life cycle of the Iphone and Ipad never end....


Fri, 08/19/2011 - 09:42 | 1576841 nantucket
nantucket's picture

steve jobs for a "life"time appointment may be a very short time. 

Fri, 08/19/2011 - 09:42 | 1576842 williambanzai7
williambanzai7's picture

This said the day after Apple symbolically killed the PC market (see HP).

Fri, 08/19/2011 - 09:43 | 1576850 twinshot
twinshot's picture

Have a friend working for HP. She is in shock at the moment.

Fri, 08/19/2011 - 11:38 | 1577529 falak pema
falak pema's picture

maybe that has more to do with her nite life than her day life. Never can tell when a chick gets her ground swell.

Fri, 08/19/2011 - 09:42 | 1576846 twinshot
twinshot's picture


Fri, 08/19/2011 - 09:43 | 1576847 firstdivision
firstdivision's picture

Did someone leak the details of QE3?

Fri, 08/19/2011 - 09:43 | 1576849 latentdissident
latentdissident's picture

Boycott Apple! Bad losers!  Buy Samsung!

Fri, 08/19/2011 - 09:48 | 1576853 Dr. Engali
Dr. Engali's picture

Just think how much they can generate if they lever that cash up 40x. It's all the rage,everybody is doing it.

Fri, 08/19/2011 - 09:48 | 1576878 Rothbardian in ...
Rothbardian in Cleveland's picture

40%?!?!?  Pussies.

Fri, 08/19/2011 - 09:56 | 1576921 Dr. Engali
Dr. Engali's picture

Typo I meant 40x

Fri, 08/19/2011 - 09:44 | 1576857 twinshot
twinshot's picture


worst products I have ever I had. I will never buy another SS product

Fri, 08/19/2011 - 10:04 | 1576863 TruthInSunshine
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All I have to write in response to the headline - not because I doubt it, but because it clearly indicates what terrible roles Central Bankers/Planners play in bringing down the global economy - is:


Fri, 08/19/2011 - 09:46 | 1576868 caerus
caerus's picture


Fri, 08/19/2011 - 09:47 | 1576872 Buzz Wired
Buzz Wired's picture

Jobs would certainly do a better job than the Bernank as Chairman at the Fed.  Apple is a real technology company, they invent new things people want, they set trends.  Dell has always been called a tech company which is a joke.  They are a manufacturer of tech products, nothing innovative, but don't really invent much of anything.

Fri, 08/19/2011 - 10:28 | 1577075 Spastica Rex
Spastica Rex's picture

Apple sells confidence.

Fri, 08/19/2011 - 09:54 | 1576908 lolmao500
lolmao500's picture

Yeah I have my mortgage at Apple! They give better deals!

Fri, 08/19/2011 - 12:18 | 1577712 Young Buckethead
Young Buckethead's picture

Yes, they will become a bank (if not already) and be forced to borrow money from the Fed to protect . . . Altair!

Fri, 08/19/2011 - 09:56 | 1576916 Lews Therin
Lews Therin's picture



I actually think its a good sign.  It shows you who is a real business, who is just bullshit.  


Whatever you feel about Apple, the fact is that... Apple makes stuff people wants.  Banks?  Just figments of numbers.  They're worthless these days.  


Buy Gold.  Buy Silver.  Buy oil.  Buy iPhones or iPads.  These shit will do you well versus stupid fiat or bonds or whatever pushed around by banksters. 

Fri, 08/19/2011 - 09:58 | 1576926 Monedas
Monedas's picture

The biggest company is a toy maker and not an arms maker ? Isn't that everything the liberal twits have been wetting their beds for forever ? Monedas 2011 You can't win with sick minds......even when you give 'em what they want !

Fri, 08/19/2011 - 09:58 | 1576927 Zero Debt
Zero Debt's picture

The iCoin is black and white...I can imagine the design...Steve on one side, the Apple on the back..snap them in the iWallet, available in seven trendy colors.


Fri, 08/19/2011 - 10:07 | 1576962 V10
V10's picture

Not the worst of ideas, actually. Unlike a lot of other currencies, it would at least be backed by something.

Fri, 08/19/2011 - 09:59 | 1576930 smore
Fri, 08/19/2011 - 10:03 | 1576943 Eagle Keeper
Eagle Keeper's picture

You realize that APPL is now another TBTF

Fri, 08/19/2011 - 10:03 | 1576945 Sudden Debt
Sudden Debt's picture

We must admit that the Ipad really improves our lives....

For example:

When you sit in your garden, you can check the weather report so you don't have to look up anymore.

We can go out and chat with other people besides the once sitting next to us.

We can play arcade style games with it.


I can't imagine not having one anymore today....

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