CRAAPL

Tyler Durden's picture




 

Presented without comment as the iconic tech firm of our time loses the somewhat satanic $555 lows of pre-earnings taking the firm back to two-month lows and dragging the rest of the market with it...

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Tue, 05/15/2012 - 15:19 | 2428458 fuu
fuu's picture

Houston we have hit a wall.

Tue, 05/15/2012 - 15:20 | 2428473 Aziz
Aziz's picture

Repeat after me:

This time is different.

This time is different.

This time is different.

This time is... 

Tue, 05/15/2012 - 15:23 | 2428479 redpill
redpill's picture

Time to move on to the next fruit I guess

Tue, 05/15/2012 - 15:25 | 2428501 Aziz
Aziz's picture

Nope, time for QE3, bitchez!

Tue, 05/15/2012 - 15:31 | 2428539 hedgeless_horseman
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  • FACEBOOK IPO PULLED DUE TO MARKET CONDITIONS-

 

 

jklol

Tue, 05/15/2012 - 15:37 | 2428566 SilverIsKing
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FOMC minutes tomorrow.  This could be the washout before Ben sprinkles his fairy dust.

Tue, 05/15/2012 - 15:38 | 2428580 hedgeless_horseman
hedgeless_horseman's picture

 

 

Tomorrow...before Ben sprinkles his fairy dust.

BTFD (Buy Tomorrow's Fairy Dust)

Tue, 05/15/2012 - 15:54 | 2428649 sunaJ
sunaJ's picture

Trickle-down debtonomics.

Tue, 05/15/2012 - 16:05 | 2428722 SilverIsKing
SilverIsKing's picture

Nothing tricklish about how the debt flows.  More like an avalanche.

Tue, 05/15/2012 - 15:35 | 2428568 CaptainObvious
CaptainObvious's picture

Dude, don't joke around like that.  Now Governor Moonbeam has to send a personal assistant out to get him a fresh pair of jockeys.

Tue, 05/15/2012 - 15:44 | 2428612 RmcAZ
RmcAZ's picture

Let's have a bunch of us put that on Twitter and watch the markets flash crash.

Tue, 05/15/2012 - 16:07 | 2428729 ZeroPower
ZeroPower's picture

You do realize institutions can't get enough of FB, right? Watch it pop on Friday, as much as its irrational to say, over the $100bn mkt cap mark.

Tue, 05/15/2012 - 21:50 | 2429924 mick_richfield
mick_richfield's picture

s/pulled/pushed

Tue, 05/15/2012 - 15:28 | 2428518 t_kAyk
t_kAyk's picture

Lets see... 

We have A for AAPL, B for our Banana Republic and C for...  for, um...  Cocaine?  Change?  Chunky Monkey?  Wait, that's ice cream... 

Tue, 05/15/2012 - 15:43 | 2428609 redpill
redpill's picture

cokeNwhores, Bogota style

Tue, 05/15/2012 - 15:32 | 2428542 Joe Sixpack
Joe Sixpack's picture

"Time to move on to the next fruit I guess"

Take your pick: www.super-fruit.net

Tue, 05/15/2012 - 15:39 | 2428577 Mountainview
Mountainview's picture

You mean Samsung (exotic berry)...

Tue, 05/15/2012 - 15:43 | 2428587 pkea
pkea's picture

chase covers losses via selling oil and apple:)

Tue, 05/15/2012 - 17:19 | 2429027 CaptainObvious
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Well, we did Blackberry...a small, delicate fruit that is easily squashed.  We did Apple, a fruit (symbolic of America) that is easily bruised and once bruised becomes rotten to the core.  So what does that leave us with?  How about a fruit that for once represents reality...the durian.  It's big, ugly, covered in spikes, and stinks to high hell.  Anybody care to market the Durian brand smartphone?

Tue, 05/15/2012 - 18:57 | 2429385 Ident 7777 economy
Ident 7777 economy's picture

 

 

CaptainObvious :

Well, we did Blackberry...a small, delicate fruit that is easily squashed. We did Apple, a fruit (symbolic of America) that is easily bruised and once bruised becomes rotten to the core. So what does that leave us with? How about a fruit that for once represents reality..

 

Grapes, wrath. (Literally read that as: GRAPES comma WRATH)

 

In a few months now ....

 

 

Tue, 05/15/2012 - 17:32 | 2429061 derek_vineyard
derek_vineyard's picture

there are no fruits on wall street

Tue, 05/15/2012 - 18:28 | 2429275 Alhazred
Alhazred's picture

Or Iran,

I remember president Ack mah dinner jacket
Saying that once.

Tue, 05/15/2012 - 15:29 | 2428527 Dr. Kenneth Noi...
Dr. Kenneth Noisewater's picture

Where's the volume :/

Tue, 05/15/2012 - 15:44 | 2428628 hedgeless_horseman
hedgeless_horseman's picture

 

 

Where's Top Calling Troll this week?

Tue, 05/15/2012 - 21:51 | 2429933 mick_richfield
mick_richfield's picture

I got your volume right here.

Tue, 05/15/2012 - 15:17 | 2428459 LetThemEatRand
LetThemEatRand's picture

Who could have predicted this?

Tue, 05/15/2012 - 15:28 | 2428525 slackrabbit
slackrabbit's picture

even Jamie saw this coming.....

Tue, 05/15/2012 - 15:30 | 2428529 junkyardjack
junkyardjack's picture

Not me, long and wrong again. FUUUUUUU

Tue, 05/15/2012 - 18:01 | 2429173 Bubble
Bubble's picture

So both original investment ideas and profile pictures then?
mad skillz

Tue, 05/15/2012 - 15:20 | 2428463 ihedgemyhedges
ihedgemyhedges's picture

And GM just dumped Facebook ad services.  Not effective.

ALL HAIL THE NASDAQ!!!!!!

Tue, 05/15/2012 - 15:27 | 2428516 catacl1sm
catacl1sm's picture

Their product never was effective. If you can't track your CCP into actual sales, it's a shot in the dark on how you're doing. A 20% click-rate is not that bad. If they want to improve it then they need to use effective tactics to do so. To simply stop using FB ads and claim it is in-effective is a reduction fallacy. They simply lack the personnel to use them effectively.

Tue, 05/15/2012 - 15:36 | 2428561 CvlDobd
CvlDobd's picture

Oooohhhhh yeah! That hot brunette I wanna fuck just uploaded bikini pics! Oh hold on, what's this? A GM vehicle for $199 a month? Fuck the bikini! I'm clicking the GM ad!

Is that what you believe is happening?

Tue, 05/15/2012 - 16:40 | 2428851 WonderDawg
WonderDawg's picture

More and more people using FB on mobile devices, not prone to clicking ads.

And for the record, I'm not much of a FB guy, but I have never, not even once, clicked on an ad on FB.

Tue, 05/15/2012 - 17:28 | 2429054 THX 1178
THX 1178's picture

I don't even look at them.

Tue, 05/15/2012 - 17:35 | 2429081 Deo vindice
Deo vindice's picture

There are ads on Facebook?

What's Facebook?

Tue, 05/15/2012 - 21:56 | 2429946 mick_richfield
mick_richfield's picture

 

What's Facebook?

I do not have complete records from your time.  Much was lost.  The best I have been able to determine is that 'the FaceBook' was a movie, or a massively-parallel software game based on a movie.

It became popular just before the Last War.

 

Tue, 05/15/2012 - 18:22 | 2429235 Abitdodgie
Abitdodgie's picture

I have never been on FB but it tracks me on every page i go to.

Tue, 05/15/2012 - 15:29 | 2428519 junkyardjack
junkyardjack's picture

Users clicked on their ads but then quickly realized GMs cars are not compatible with Farmville and did not complete a purchase....

Tue, 05/15/2012 - 16:47 | 2428901 Matt
Matt's picture

That's it, they just need to cross-promote with Zynga. Buy a new GM via a Facebook ad, and unlock a unique quest and upgrade for Farmville!

Tue, 05/15/2012 - 15:19 | 2428464 semperfi
semperfi's picture

BULLISH !

Tue, 05/15/2012 - 15:19 | 2428467 bank guy in Brussels
bank guy in Brussels's picture

Fracking brilliant article title ... ZeroHedge rules

Tue, 05/15/2012 - 15:20 | 2428468 fonzannoon
fonzannoon's picture

Apple @555 Gld @ 1550

which one holds?

Tue, 05/15/2012 - 15:24 | 2428486 junkyardjack
junkyardjack's picture

Looks like AAPL won, Gold 1546...

Tue, 05/15/2012 - 15:25 | 2428494 fonzannoon
fonzannoon's picture

Yup. what happened to those appl margin calls? 

Tue, 05/15/2012 - 15:42 | 2428589 fuu
fuu's picture

AAPL 553.05...552.73.

20 minutes to go, will they pop or poop?

Tue, 05/15/2012 - 15:42 | 2428608 fonzannoon
fonzannoon's picture

Yeah I see and I hate fkin aapl but....

ABX SLW EXK GDX etc. etc. etc..

Tue, 05/15/2012 - 20:59 | 2429764 James_Cole
James_Cole's picture

The juniors are being obliterated, lots of -12% and over moves.

Tue, 05/15/2012 - 15:41 | 2428603 Al Huxley
Al Huxley's picture

Man, those poor fucking commercials in the gold market - closing so many of their short positions and taking the long side of the trade right at the start of what's sure to be a massive leg down - taken to the cleaners by the spec's again.  When will those nutty bullion banks ever learn to follow the trend?  /sarc

Tue, 05/15/2012 - 15:46 | 2428631 fonzannoon
fonzannoon's picture

Al please expand on that. You referring to the miners? Because this has already been a big fkin leg down.

Tue, 05/15/2012 - 15:57 | 2428700 Al Huxley
Al Huxley's picture

I was actually referring to the commercial short and long positions as reported on the Commitment of Traders report.  Commercial traders are always net short, partly because they write the calls to sell to the speculative longs.  At gold peaks they're typically 3:1 short to long.  Right now (as of last Tuesday) they're 1.55:1 short to long, which is as low as I've ever seen the ratio.  So odds are that now's closer to the bottom of the drop in gold rather than the start of a big leg down (hence the /sarc notation). 

 

As for the miners, I'm ambivalent.  There are a couple I like, that have been sold down beyond all reason (baby out wiith the bathwater kind of thing), but the majors seem to suffer from massive incompetence for the most part, and a lot of the juniors have been overpromising and under-delivering for so long that the sector is kind of getting what it deserves.  That said, I still think they're overdone and I'm pretty sure the really big leg up is still to come.

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