Apple Responsible For 90% Of Intraday NASDAPPLE Gain

Tyler Durden's picture


With AAPL's stock price up another 1.5-2% today, we thought it instructive for all those index traders, hedgers, arbitrageurs, and market prognostictors to comprehend the scale. 90% of the move in the NASDAQ today is directly due to AAPL. Perhaps the drop in iAd sales rates or the drop in market share will dent expectations? Perhaps growth expectations from Europe will temper the excess? Or perhaps the 209 hedgies who rely on this stock for their year will play prisoner's dilemma (and free ride) one too many times and dismiss their recency bias to remember that the first one to migrate wins when prices go vertical.


Charts: Bloomberg

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Wed, 02/15/2012 - 11:28 | 2161808 spastic_colon
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don't forget the S&P 500......

Wed, 02/15/2012 - 11:50 | 2161881 Don Birnam
Don Birnam's picture

The day Apple finally implodes, Nasdaq goes supernova; the collateral incineration will be of a level not seen since the overpriced pyre which ignited in March, 2000. And when I speak of "collateral damage" this is not reserved to OTC-listees or averages only: consider the AAPL fanbase found in the hedge fund community. Apple is the potential Charybdis of the technology ( actually, consumer electronic ) universe -- these modern-day hedge fund "Argonauts," however, will not escape the fury of this maelstrom, once loosed.

Wed, 02/15/2012 - 11:51 | 2161949 Mr Lennon Hendrix
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Soccer moms everywhere are asking their husbands why they didn't buy AAPL three years ago.

Wed, 02/15/2012 - 11:55 | 2161968 SheepDog-One
SheepDog-One's picture

And I'd reply, 'Well dear, if youre so smart, why didnt YOU buy Apple 3 years ago then'?

Wed, 02/15/2012 - 12:02 | 2161998 SheepDog-One
SheepDog-One's picture

Then I'd add 'Dont worry, I made a much BETTER trade FOUR years ago which you all laughed at...bought lots of gold at $300', remember?'

'Oh yes...those 'barbaric relics'.... that have gone up 5x.'

Wed, 02/15/2012 - 12:07 | 2162007 Comay Mierda
Comay Mierda's picture

Dont worry guys, there is no irrational exuberance here.  In its latest innovative & "outside-the-box" thinking analytical report, CNBC says that the stock market will keep going up because there is an american model on the cover of the SI swimsuit issue

you. just. cant. make. this. shit. up.

Wed, 02/15/2012 - 12:32 | 2162163 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Everytime I see my neighbor's black cat outside my window stocks go up....

....there it is!

Time to double stack testosterone and buy!

Wed, 02/15/2012 - 12:38 | 2162192 lotsoffun
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i am sure they have accurate statistical evidence.  these people on MSM don't just make things up, us tinfoil guys do.


Wed, 02/15/2012 - 12:06 | 2162016 Manthong
Manthong's picture

With enough mass, that super nova becomes a black hole. 

Wed, 02/15/2012 - 12:12 | 2162049 Jay Gould Esq.
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-- And do not forget, SheepDog, that not only is gold a barbarous relic, but it is not backed by anything.

Wed, 02/15/2012 - 12:36 | 2162181 Dr. Engali
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There's an obscure blast from the past reference.

Wed, 02/15/2012 - 12:16 | 2162075 GMadScientist
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Because a dollar was worth a lot more 3 years ago and you insisted on getting a new SUV, "dear".

Wed, 02/15/2012 - 12:09 | 2162030 antidisestablis...
antidisestablishmentarianismishness's picture

Clearly you should be a writer, not a trader.

Wed, 02/15/2012 - 12:49 | 2162173 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I'm your huckleberry.

Wed, 02/15/2012 - 12:12 | 2162046 stocktivity
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The first hedgie out will be to admit it....they are pretty smart. They did increase Apple shares 11% last quarter.

Wed, 02/15/2012 - 12:14 | 2162063 juicyfruit
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is there not a way to 'save threads" or subscribe in the ZH blog? love the site, always have...but always have a hard time finding older threads and such......its like arolodex with new pages coming onall the time and  past 1-2 days the older pages get tossed.( in terms of easiness to find)

Wed, 02/15/2012 - 13:00 | 2162283 TarzanNe1
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The easiest way I found is to reply to a post and then go through my posts in "my account"

Wed, 02/15/2012 - 11:28 | 2161815 dr_teeth
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or not

Wed, 02/15/2012 - 11:31 | 2161817 Cdad
Cdad's picture

Nothing screams conviction buy like the theatre of the absurd trade going on at Apple.  Prepare for that name to finally take its bow.

Nothing is more important than entirely redundant, and sometimes utterly useless, technology devices built by Chinese slaves that often take their bows from the top of their dormitory buildings. 

Wed, 02/15/2012 - 11:31 | 2161831 qussl3
qussl3's picture

I live in Asia, and the fruit is crazy strong here.

We herd better.

Wed, 02/15/2012 - 11:37 | 2161880 Cdad
Cdad's picture

In other retail news, closing 200 stores is the new Killin' It at Abercrombie & Fitch.

Wed, 02/15/2012 - 12:09 | 2162028 SheepDog-One
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Assless jeans FTW!

Wed, 02/15/2012 - 13:23 | 2162404 Cdad
Cdad's picture

In other micro economic news your won't hear on the it tries to perpetuate non stop bailout bliss:

Wed, 02/15/2012 - 11:42 | 2161907 GeneMarchbanks
GeneMarchbanks's picture

America continues to consume like slaves so is there any difference? Consumption Gulag.

Chimerica has really worked out well, I mean for China. Happy marriage. The divorce will be ugly.

Now what were we talking about? Oh, yeah Apple, corporate take-over almost complete.

Wed, 02/15/2012 - 11:54 | 2161961 Cdad
Cdad's picture

And here comes that Apple bow now...

Good luck, 2&20 space cadets!  It is going to be a very thrilling ride down.

Wed, 02/15/2012 - 11:28 | 2161818 EyeQ
EyeQ's picture

NASDAQ has been renamed iNASDAQ.

Wed, 02/15/2012 - 11:33 | 2161854 juicyfruit
juicyfruit's picture

lol....icontrol of imarket, i-idiots

Wed, 02/15/2012 - 12:17 | 2162079 GMadScientist
GMadScientist's picture


Wed, 02/15/2012 - 12:21 | 2162103 money badger
money badger's picture


I think you're on to something there. Working from the outside in, the message is clear:  if your iQ is NADA, make an "S" of yourself by going long..........

money badger don't care


Wed, 02/15/2012 - 11:30 | 2161826 Racer
Racer's picture

Should it not be called the NAAPPLE now?

Wed, 02/15/2012 - 11:38 | 2161887 machineh
machineh's picture

NAZCRAPPLE has a certain ring to it.

AAPL 500 = Nasdaq 5000


Wed, 02/15/2012 - 11:31 | 2161836 The Axe
The Axe's picture

My I cant stand to hear another word about AAPl meter just went off......fucking short 1000 AAPL ....

Wed, 02/15/2012 - 11:41 | 2161903 Hansel
Hansel's picture

If AAPL was priced at CRM's P/E, AAPL would be worth $309,934 per share.

Wed, 02/15/2012 - 11:41 | 2161906 machineh
machineh's picture

iPuke ... iShort you AAPL long time!

Wed, 02/15/2012 - 11:32 | 2161840 RobotTrader
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Lots of strong stocks today besides Apple.

Foot Locker, Lululemom, Chipotle, Ulta Salons, and a plethora of other consumer discretionary names are making lifetime highs today.

Wed, 02/15/2012 - 11:36 | 2161872 dwdollar
dwdollar's picture

Oh boy... all the old jokerz are back! Time to BUY!!!

Wed, 02/15/2012 - 11:48 | 2161939 adr
adr's picture

Ohhh look at all those companies that toss the books on a flatop and serve them up extra crispy. I sell to Foot Locker. I can tell you any real audit would make the games played at Diamond foods look like child's play. That corporation's books are better fiction than Harry Potter.

Real retial sales for January fell off a cliff. Nobody is actually buying, nobody is actually ordering. I wish you knew better that what Wall Street says, and the paper coming from the boards, exist in a different dimension from reality. Sadly you do not because your existence is in the same fantasy realm as the rest of the Street.

Lulu is a total scam. They don't actually sell 10% of what they claim. Ask a store manager what the average daily take is. It won't be anywhere near the $25k a day it would take to generate the claimed sales.

Just like Dick's. Do you really think every store sells $35k a day to actual customers?

Wed, 02/15/2012 - 11:53 | 2161956 pods
pods's picture

"Consumer discretionary"  Haha.

Nothing but iphones and designer rubbers in the future of the USSA.

Wake me up when Alpo is included in the discretionary group.  Or maybe a hybrid:

Wed, 02/15/2012 - 11:57 | 2161975 SheepDog-One
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And just think Robo, YOU dont actually own ANY of em, you fanboy ass hat!

Wed, 02/15/2012 - 12:03 | 2162000 Ahwooga
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We can all read the ticker too. Thanks for the constructive input dipshit.

Wed, 02/15/2012 - 12:18 | 2162084 GMadScientist
GMadScientist's picture

Oh's got its head stuck in the bucket again.


Wed, 02/15/2012 - 11:32 | 2161842 MiddleageThinni...
MiddleageThinninghair's picture

To me the AAPL graph looks similar to gold's chart.

I wonder if this ramp up spike from the trend will be sustained?

Wed, 02/15/2012 - 11:32 | 2161844 Waterfallsparkles
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First one out gets the best price.  As soon as one sells everyone else does also.

Kind of like a game of Chicken.  Except here the first one to stop is the one that does not go over the Cliff.


Wed, 02/15/2012 - 11:33 | 2161856 Alex Kintner
Alex Kintner's picture

iPhony Market. Bullish.

Wed, 02/15/2012 - 11:35 | 2161864 Shizzmoney
Shizzmoney's picture

The ensuing cock fight between Google and Apple (Apple just sued Google over the Galaxy Nexus due to "patents") is only going to stifle this country's ability for small entrepreneurs to build business that are both good for consumers AND workers IN THIS COUNTRY.

Hell, even computer companies in China are trying to stop Apple from raping their sector of workers and ideas, and the government may even halt the export/import of the new iPad 3 coming out soon.


Wed, 02/15/2012 - 11:35 | 2161866 AU5K
AU5K's picture

Time for a new rumor on Greece to pump up the market???

Wed, 02/15/2012 - 12:33 | 2162166 Vince Clortho
Vince Clortho's picture

Check back around 3:30.

It's a bit early.

Wed, 02/15/2012 - 11:36 | 2161871 Alcoholic Nativ...
Alcoholic Native American's picture

The airforce just ordered a boat load of ipads.  What we need now is an ipad for every public school student to send this baby into the stratosphere.

Wed, 02/15/2012 - 11:37 | 2161874 slaughterer
slaughterer's picture

Yawn.  Wake me up when AAPL is $600 so I can sell.  What, something about Greece?  So what...

Wed, 02/15/2012 - 11:41 | 2161905 Everybodys All ...
Everybodys All American's picture

When this one rolls over it's going to leave hedge funds strewn all over the place.

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