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iBubble: Apple's Market Cap Is Now The Same As The Entire Retail Sector, Bigger Than All The Semis

Tyler Durden's picture





 

This is simply stunning: one company, which has two flagship products, has a bigger market cap than the entire Semiconductor space, and is just shy of the entire S&P Retail sector.

The 216 hedge funds in the name as of December 31 is hopelessly stale. We are certain that by now this number is at least 250, if not 300.

Sustainable:

 


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Tue, 02/28/2012 - 15:51 | Link to Comment monopoly
monopoly's picture

Agree, but you still cannot short this market with Gusto. Shorts do not work unless you are in a Vegas mood and just pull the slot handle to see if you pick a winner.

The entire market is broken, not just AAPL and a few others. Outside of a few miners I will not trade this market. Just keep increasing my stash.

Gold at 1,800 makes a lot more sense to me then DOW 13,000.

Tue, 02/28/2012 - 15:50 | Link to Comment Cone of Uncertainty
Cone of Uncertainty's picture

That Reggie dude sure fucked this one up didn't he?

Tue, 02/28/2012 - 15:50 | Link to Comment ziggy59
ziggy59's picture

iNsane.. No bubble... Bubbles are for kids. And other noninflationary items like oil, food, gold, etc

Tue, 02/28/2012 - 15:50 | Link to Comment iraskin
iraskin's picture

juggalo, I did put my money where my mouth is, and I'm $100K  down this year already. the problem is that there is an isqueeze because there is weak margin and ipeople got too much cash and no fear. until ipeople like you come to senses, we will live in ibubble when central banks borrow money against you and me.

 

Tue, 02/28/2012 - 15:54 | Link to Comment juggalo1
juggalo1's picture

I have no position in it, but I'm not the one making a post.  I commend you for having the courage of your convictions, and being honest enough to speak about it.

Tue, 02/28/2012 - 15:51 | Link to Comment TooRichtoCare
TooRichtoCare's picture

i love how they had Steve Jobs up in the "people who left us this year" montage at the Oscars...and by 'love' I mean, I found it incredulous.

I mean, seriously?

These liberal leftie elites are so transparent in their fawning...

OK, so he was a hip & cool guy and we all love his products but, let's be honest,  he was not the first person who actually invented ANY of them, and quite often just took a good idea and re-packaged it, and marketed it in a "stick your nose up at the establshment" kind of way, and yet he was really no different than many other ruthless & driven CEOs.

Bu the main point is, regardless of whether you like him or not,  what the fondue does he have to do with the movies? If a billionaire CEO of a financial company were to kick the bucket there's pretty much ZERO chance of getting included in the tributes alongside greats like Liz Taylor or Paul Newman.  

That, in and of itself, is a sign of how "bubble-ish" this stock is getting!!

Tue, 02/28/2012 - 15:56 | Link to Comment pashley1411
pashley1411's picture

I can call the top on this one.

A tech guy from Stanford claims that he is the 2nd reincarnation Steve Jobs, is channeling the next generation of AI-phones/vibrators.   The phone calls you (subscription) and seduces you into using it (another subscription).

Various witches confirm the channeling.   Obama declares that medicaid will pay for it, as long as the phone is reusable for landfill.

Best of all is that you can pass the purchase price onto your children.

 

Tue, 02/28/2012 - 15:52 | Link to Comment Alchemist1
Alchemist1's picture

looks like all these hedgies have been right

Tue, 02/28/2012 - 16:01 | Link to Comment Tyler Durden
Tyler Durden's picture

Here's a trivia question for you - what is this a chart of?

 

 

Answer:

 

Tue, 02/28/2012 - 16:26 | Link to Comment RichardENixon
RichardENixon's picture

Looks like a chart of the cellulite in my ex wife's ass.

Tue, 02/28/2012 - 16:41 | Link to Comment LouisDega
LouisDega's picture

i Barf

Tue, 02/28/2012 - 16:28 | Link to Comment Alchemist1
Alchemist1's picture

Tyler, you been re-posting that AAPPL is a "hedge fund hotel" ever since the stock hit 250.. more than 110% later you are still at it.. so what that it's a popular name in HF space.. these guys clearly have a thesis which has been working trmendously well.. you got no thesis other than "look all these guys own it".. whats the point?

Tue, 02/28/2012 - 16:40 | Link to Comment RichardENixon
RichardENixon's picture

I think his point is that it might be a bit overpriced, but that's just a wild guess

Tue, 02/28/2012 - 17:15 | Link to Comment Village Smithy
Village Smithy's picture

The point is if all these guys do is follow the herd and buy AAPL then what real service are they providing for their 2 and 20.

Tue, 02/28/2012 - 17:34 | Link to Comment Alchemist1
Alchemist1's picture

if they buy the right asset and hit a jackpot - why not? The point is not to buy some small cap unknown name that no one else has and make money on it - the point is to make money whether your investment vehcile is unique or not..

Tue, 02/28/2012 - 16:38 | Link to Comment haskelslocal
haskelslocal's picture

Housing.

Funny, but the donks on CNBC were covinering the largest housin ETF yesterday and the 2nd and 4th largest holdings were mattress companies. Home Depot and Lowes didn't crack the top 10.

Tue, 02/28/2012 - 17:16 | Link to Comment Village Smithy
Village Smithy's picture

Consumer debt.

Tue, 02/28/2012 - 17:31 | Link to Comment RopeADope
RopeADope's picture

It looks like the increase in global social welfare payments, a.k.a. funding source for Apple products with a negative ROI to consumer.

 

It also looks like the % of corrupt data caused by a malfunction when a database is not maintained, prior to failback that is.

Tue, 02/28/2012 - 17:34 | Link to Comment Alchemist1
Alchemist1's picture

by that logic - Gold is a bubble

Tue, 02/28/2012 - 18:05 | Link to Comment RopeADope
RopeADope's picture

Logic fail there bud. You are assuming the units of measurement are real.

Tue, 02/28/2012 - 18:41 | Link to Comment DavidC
DavidC's picture

NO! Look at the charts!

DavidC

Tue, 02/28/2012 - 18:39 | Link to Comment DavidC
DavidC's picture

Tyler,
You're priceless sometimes!

DavidC

Tue, 02/28/2012 - 15:56 | Link to Comment iraskin
iraskin's picture

Looks like Verizon, AT&T, Vodafone, and Partner GSM need to step up their game and recognize that what was innovative over time becomes commodity, and then margins will put Ireality back to planet earth.

Tue, 02/28/2012 - 15:58 | Link to Comment Cone of Uncertainty
Cone of Uncertainty's picture

People have been yelling peak EPS, peak EPS, for Apple for quarter after quarter, yet all the bears got ass raped sideways trying to stop this fucking freight train.

In the future we won't even talk about stocks, since the market will = APPLE and only APPLE.

 

Tue, 02/28/2012 - 15:59 | Link to Comment iraskin
iraskin's picture

If anyone can get balls together and put together a better marketing game open source Androids to Cell phone providers, the hamburger zombie business is over.

Tue, 02/28/2012 - 16:00 | Link to Comment RobotTrader
RobotTrader's picture

Local schools in L.A. are dumping textbooks and buying iPads for all students at $600 apiece.

 

http://www.dailybreeze.com/education/ci_20001723%C2%A0

 

Tue, 02/28/2012 - 16:03 | Link to Comment tocointhephrase
tocointhephrase's picture

The Daily Breeze. iRead iBelieve iSpewShit

Tue, 02/28/2012 - 16:03 | Link to Comment monopoly
monopoly's picture

I believe it Robot, and this is a state that is insolvent and cannot find the money to balance their budget. Might as well go all out. End result is the same.

Tue, 02/28/2012 - 16:07 | Link to Comment YesWeKahn
YesWeKahn's picture

I wonder who pays for them.

Tue, 02/28/2012 - 16:16 | Link to Comment Buckaroo Banzai
Buckaroo Banzai's picture

When LA declares bankruptcy, you'll know the answer-- just look in the mirror.

Tue, 02/28/2012 - 16:44 | Link to Comment LouisDega
LouisDega's picture

I guess we will see i to i

Tue, 02/28/2012 - 16:18 | Link to Comment Moneyswirth
Moneyswirth's picture

Isn't iCallifornia in iDebt up to their iFuckin iBalls? 

Where do they get the iLuxury of such iHubris?  iPikers...

Tue, 02/28/2012 - 17:15 | Link to Comment stirners_ghost
stirners_ghost's picture

Apple invading the public school system in the 80's was a brilliant strategic move. The student loan bubble and AAPL price are now hand in hand

Tue, 02/28/2012 - 18:44 | Link to Comment DavidC
DavidC's picture

Idiots.

Great, you'll have people unable to write.

DavidC

Tue, 02/28/2012 - 16:00 | Link to Comment iraskin
iraskin's picture

HTML 5 converges mobile and computer browser, which ends the need for app store and snake store is history!

Tue, 02/28/2012 - 16:02 | Link to Comment azengrcat
azengrcat's picture

1. Fadware

2. Spyware

3. Bloatware

4. Thiefcap

5. Fraudcap

 

Tue, 02/28/2012 - 16:05 | Link to Comment zerozulu
zerozulu's picture

Very sad. It means collapsed-America is a stroke away from Chinese industrial law amendment.

Tue, 02/28/2012 - 16:06 | Link to Comment iraskin
iraskin's picture

Tim Cock is not gonna drive this space ship too far, it has to fall as soon as $VIX triggers $compq! IBernank and IDraghi cant have this compression for more than another iweek.

Tue, 02/28/2012 - 16:14 | Link to Comment luna_man
luna_man's picture

 

 

Can you say...DESPERATION??

Tue, 02/28/2012 - 16:24 | Link to Comment swanpoint
swanpoint's picture

250 puts look good (jan 19 '13)

Tue, 02/28/2012 - 16:32 | Link to Comment slaughterer
slaughterer's picture

250?  So what's the catalyst?

Tue, 02/28/2012 - 16:26 | Link to Comment VelvetHog
VelvetHog's picture

My wife won an iPad 2 in a contest.  I wouldn't even look in its general direction for fear I would smash it.  After playing around with it for a while I have to say the thing is slick!  We even Skyped with her family in England through it.  Not a glitch.

 

Market Cap of a cool T? ( bwaahahahahah!!!!!!!!! )

Tue, 02/28/2012 - 16:55 | Link to Comment DavidC
DavidC's picture

A friend of mine bought an iPad at the end of last year and showed it to me. Great for photos, music, video - in other words anything that is a non-fruitful use of time. I got bored with it after ten minutes and won't buy one.

DavidC

Tue, 02/28/2012 - 16:30 | Link to Comment FROZENOJFUTURES
FROZENOJFUTURES's picture

reminder on that sustainable comic: http://www.isxkcdshittytoday.com/

 

 

Tue, 02/28/2012 - 16:31 | Link to Comment DarthVaderMentor
DarthVaderMentor's picture

Time to sell AAPL

Tue, 02/28/2012 - 16:45 | Link to Comment Lore
Lore's picture

Agreed. It was fun. Give it about another 1-2 weeks, and then...............................

Tue, 02/28/2012 - 16:40 | Link to Comment Dr. Engali
Dr. Engali's picture

I know how to pop the ibubble.....I'll just go long. I'm telling all of my Hedge friends first so you know to go short.

Tue, 02/28/2012 - 16:42 | Link to Comment Rastadamus
Rastadamus's picture

Short the shit out of Apple.

Tue, 02/28/2012 - 16:51 | Link to Comment balz
balz's picture

The market can stay irrational longer than you can stay solvent. -John Maynard Keynes

Tue, 02/28/2012 - 16:56 | Link to Comment DavidC
DavidC's picture

It's been behaving that way since March 2009 - 3 years long enough?

DavidC

Tue, 02/28/2012 - 16:52 | Link to Comment DavidC
DavidC's picture

See my comment below, it looks like a blow out.

DavidC

Tue, 02/28/2012 - 16:49 | Link to Comment bobola
bobola's picture

The famous 2005 super bowl ad Apple ran, with the 1884 theme is true to life.

The mind conditioned sheeple masses march in lockstep.

Jobs won.

 

Tue, 02/28/2012 - 16:50 | Link to Comment SRVDisciple
SRVDisciple's picture

Just think how big they'd be if they made stuff for guys!

Tue, 02/28/2012 - 16:50 | Link to Comment rbhatia613
rbhatia613's picture

Wait so what's the angle here? That apples good at doing what they do? 

 

Criticizing Apple for Foxconn: Okay. Criticizing Apple because they're really good at marketing: not so much

 

Tue, 02/28/2012 - 16:51 | Link to Comment DavidC
DavidC's picture

Looking at the weekly chart of Apple, it looks very similar to Gold in the early 80s when it had its blow out - Apple, look out below.

DavidC

Tue, 02/28/2012 - 16:52 | Link to Comment Alex Kintner
Alex Kintner's picture

Pearls Before Swine get ignored.
Apples Before Swine get eaten.

Tue, 02/28/2012 - 16:58 | Link to Comment DavidC
DavidC's picture

Hooray! JUST made $535! Time to short!

DavidC

Tue, 02/28/2012 - 17:04 | Link to Comment surf0766
surf0766's picture

Nothing matters now. Dow 13 K.

Greek hope rally 401 queued up

Tue, 02/28/2012 - 17:04 | Link to Comment iraskin
iraskin's picture

Ok SO this is the name of the game: "parabolic". I dont feel like calling the top althought just put the fucking bollinger and you will see why icock cliff.

Tue, 02/28/2012 - 17:06 | Link to Comment John Law Lives
John Law Lives's picture

"Apps for Apes: Orangutans using iPads to paint and video chat with other apes"

By Eric Pfeiffer | The Sideshow – 3 hrs ago

http://news.yahoo.com/blogs/sideshow/apps-apes-orangutans-using-ipads-pa...

 

Talk about market penetration...

Tue, 02/28/2012 - 17:09 | Link to Comment YesWeKahn
YesWeKahn's picture

For those who wants to short AAPL: Apple projected P/E is only 11.

It is going up 10$ daily, but it's only 2%. It could go up like that until it reaches 1 trillion market cap, its p/e is still only 20.

Tue, 02/28/2012 - 18:54 | Link to Comment DavidC
DavidC's picture

If a non-dividend paying stock that has produced as much as Apple has can only manage a projected P/E of 11 I think I'll stay clear of it, thank you very much.

Incidentally, Apple has a median NAV per share of around $106. A big difference between that and the current share price!

DavidC

Tue, 02/28/2012 - 17:11 | Link to Comment iraskin
iraskin's picture

This is last week of Icocksuckers hedge hotel. Icock has exceeded upper bolinger range on monthly distribution. No more. It's last week, last month, and it may be getting blow job from hedge funds for another few days at most before it cums on their face.

Tue, 02/28/2012 - 17:15 | Link to Comment iraskin
iraskin's picture

Apple current valuation is based P/E is 15 YesWeKahn, and projected requires selling lots of ITV's. They already priced $100 Billion for TV's. The company is worth Sony, Samsung, Verizon, and AT&T combined under current valuation. Somehow Mr. Jobs was able to convince service providers to share their revenue with him, and thats what caused elite whorehouse instead of Fair Market Value!

Tue, 02/28/2012 - 18:28 | Link to Comment Widowmaker
Widowmaker's picture

You say "somehow" like it was with cheap Chinese shit and zero longevity behind their mobile product line. 

They closed that deal because they were NOT every other competitor in mobile space.

You should listen to yo mama, good shit sells!

Tue, 02/28/2012 - 17:17 | Link to Comment iraskin
iraskin's picture

Rest assured, Chinese will end slavery to Icock before it reaches a trillion.

Tue, 02/28/2012 - 17:21 | Link to Comment iraskin
iraskin's picture

There is a reason why ISDA is scheduled for March 1st to make Greek yogurt default a credit event. That event is well positioned in calendar around VIX which will be decompressed that day, and blame the 300 for market crash.

Tue, 02/28/2012 - 17:24 | Link to Comment yogibear
yogibear's picture

Now the consuming herd has to buy the I-Pad 3.  Wait for the long lines out the Apple stores for days to buy the I-Pad 3.  Seems like a chance for Apple to reap more profit by raising the prices significantly.

Tue, 02/28/2012 - 17:45 | Link to Comment Lednbrass
Lednbrass's picture

The only stock? Please. That wont happen until the announcement that iGizmos have electrolytes.

Tue, 02/28/2012 - 17:49 | Link to Comment BaggerDon
BaggerDon's picture

Can anyone answer the question, has anyone ever paid the full price of an appl iphone or ipad, and when the telecoms tire of subsidizing this shell of a company, how will appl replace those sales numbers or margins?  Or it that when they start buying back stock?? 

Tue, 02/28/2012 - 18:23 | Link to Comment Widowmaker
Widowmaker's picture

Reggie?  Is that you behind the Tyler mask, today?

AAPL to $625 (at least!) been saying it over a year.

They are THE consolidation of a vast swath of the tech-industry.

My crystal ball says they acquire NFLX or HULU next.

Tue, 02/28/2012 - 18:32 | Link to Comment Bunga Bunga
Bunga Bunga's picture

Where has our "sustainable" Keynesian P.K. gone?

Tue, 02/28/2012 - 18:36 | Link to Comment ElixirMixer
ElixirMixer's picture

Only 40% of large-cap funds own Apple among their top 10 positions. These funds underperformed the Russell 1000 by 60 basis points ytd.

Tue, 02/28/2012 - 18:37 | Link to Comment Tom Terrific
Tom Terrific's picture

I keep telling my wife that her iPad doesn't go between her legs, but she doesn't listen.

 

Tue, 02/28/2012 - 18:53 | Link to Comment Alex Kintner
Alex Kintner's picture

Perhaps the ringer is set on Vibrate.

Tue, 02/28/2012 - 21:04 | Link to Comment mliu_01
mliu_01's picture

Maybe she is doing video chat with her friend.

Tue, 02/28/2012 - 21:01 | Link to Comment mliu_01
mliu_01's picture

We are going to see more chinese kidneies come into US market.

Tue, 02/28/2012 - 21:03 | Link to Comment mliu_01
mliu_01's picture

Is there a way to sell my last kidney? I need iFony 5 4s.

Tue, 02/28/2012 - 22:04 | Link to Comment Bertie Wooster
Bertie Wooster's picture

...and the dopey arguments against Apple-- one of the few honest companies we have in the US-- continues.

ZeroHedge is starting to equal ZeroThought if this is the best you can do.

Also, I bet each and every one of the Tylers owns an Apple product, if not 3.

Cuz there's just not enough evil banks, Halliburtons, and other crooks to write about?

Wed, 02/29/2012 - 05:15 | Link to Comment Homo Erectus
Homo Erectus's picture

People queuing to buy the iPop but I have no interest. Let me know when the iBurst is released though.

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