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Is The Market Losing Faith In AAPL's Leadership (Again)?
It happened in September 2011, again in April 2012, and now its starting again. Despite the launch tomorrow of Apple's iPhone 5 (rumored to include the happy-ending-hand-extension), AAPL has notably underperformed in the last few days. Whether this is to do with the 20%-plus weighting in the NASDAQ-100 or whether, as we show below, the market's wise-men see AAPL's P/E ratio approaching that of the exuberant market and capping their attention, we do not know. What we do know is that each time, AAPL has notably underperformed the broad market for the next month (whether an up-market or down-market).
each time AAPL's P/E approaches the S&P 500's P/E, it seems to cap AAPL's hope-multiple...
Chart: Bloomberg
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This explains everything:
http://www.youtube.com/watch?v=4CYqw4s6XF8&feature=player_embedded
WTF is a happy-ending-hand-extension?
The hand equivalent of a fleshlight?
This can't be.
It won't continue.
AAPL will continue to soar higher, forever and ever, defying Newton.
After all, its iPhone franchise alone is worth more than the entire market cap of Microsoft, so it obviously has many multiples of forward P/E growth left.
Apple makes fine products and is a well run company (the only thing that's a real threat is Foxconn putting up a "Apple No Longer Made Here" sign- according to the AAPL perma4everbulls), but those who can't see obvious and irrational premiums when they appear deserve what they ultimately reap.
Now PCLN, CMG, CRM or LULU, on the other hand...
There's absolutely nothing irrational whatsoever about the current valuation of the Bernank'd (i.e. broken) markets, whether equities, bonds, or credit in general. Carry on.
you guys should all go to Gitmo for badmouthing the successor to Exxon, GM and Microsoft in the US corpocracy meme.
Jeez, "My country rite or rong" means something! And long life to the US Silicon titted, oh pardon, valleyed, Entrepreneur!
S&P rebalancing as well could explain some of the lack of fanaticism
It's different this time.....
We're born into this world unique in every way, and then spend all our lives attempting to be just like everyone else.
Bullish for Apple.
<Disclosure: I own a crApple.........but iCanStopAtAnyTime......really.......honest.....>
AA meeting:
My name is Wakanda and I own a crApple product.
Apple Anonymous (AA)
Too funny
Of course it is - the market will drop faster than a stone this time.
According to everything I've read Aapl will sell gajillions of iDrones...
the iClone, sorry iDrone, is the Android yes/no?
the dumped with no price tag desperate Google effort
Since traders know the behaviour of AAPL during product refreshes, they are fronntrunnung the usual -1-to-2% sell-off in AAPL during iPhone refreshes to increase liquidity for the quick sell-the-news-buy-the-dip chart tomorrow.
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-- Loosely paraphrasing Hyman Roth's (a character literally representing Meyer Lansky) statement to Michael Corleone in The Godfather.
Sears Roebuck
Hewlett Packard
General Motors
Xerox
U.S. Steel
Kodak
"There's no such thing as a triple top"..............said the Wall Street spider to the retail investor fly.
hold........Hold...........HOLD.............HOLD................
<Double double your double down bro. It's all good.>
"No muppet army has ever defeated Wall Street's heavy cavalry. You are outmatched !"
"Hold...hold...HOLD...!"
http://adventuresincapitalism.com/webservices/Braveheart%20Spears.jpg
to the rescue! this bitch! Lead the muppets Joan of App!!
http://www.businessinsider.com/wall-street-should-fear-28-year-old-alexa...
since it is an iPhone app, I am guessing it defaults to a constant bid suggestion for AAPL?
I can't decide who are the bigger cultists- crAAPL product purchasers or Mormons
until now I actually thought most ZH posters were educated (with the exception of AAPL drones)
im hoping the goophone wins its lawsuit against Apple...evil bastards
S3 > iAnything
Apple is trying to sue Isaac Newton for stealing their idea for a logo.
Newtown should countersue, Apple has defied gravity for how long now?
f = g*(m1+m2)/r2
m1 = fool
m2 = fool's money
r = distance to apple store
Are a fool (m1) and his/her money (m2) measured in the same units?
yes...the mass of an ounce of gold...!
Therefor they are easily separated!
"A foole & his money,
be soone at debate:
which after with sorow,
repents him to late."
No No Temporalist, they are trying to sue the writers of the Old Testament.
Very biblical, AAPL is king in the Big Apple...
ori
With all the slave labor fiasco's at Foxconn, how appropos is it that this company would be the bright shining beacon of the USA?
Up up and awaaaaaaayyyy!!
There's no reason in the world this chart can't continue to go vertical with an increasing gradient.
yup - all the way to yellow.. the future is as bright as the sun!!!
AAPLs leadership died. What are left are the cvronies.
Steve's last bit of Reality Distortion Field will be released tomorrow. It's mostly downhill from here.
nonsense AAPL is clearly undervalued, where is that orange jumpsuit avatar guy to explain to us dimwits again..."iamamanireallyam" or something like that
They're just rotating into safer tech stocks like AMZN with p/e's in the 300's.
AAPL - now, how many iPhone5 will be sold due to a new QE round? AAPL Should go through the roof, in absolute distortion of reality...
Last I checked, apples rot too once they're too mature.
iHad to say it.
COURTESY OF WIKIPEDIA
Bread and Circuses" (or bread and games) (from Latin: panem et circenses) is a metaphor for a superficial means of appeasement. In the case of politics, the phrase is used to describe the creation of public approval, not through exemplary or excellent public service or public policy, but through diversion, distraction, and/or the mere satisfaction of the immediate, shallow requirements of a populace.[1] as an offered "palliative.
Apple is the synthetic "palliative" offered by our glorious Federal Reserve and Banking system that makes everything ok. We are all going to be alright cause APPLE IPHONE 5 is gonna sell like over a billion MADE-IN-CHINA phones!!!
yes of course, and Goofballs stuff is made in America of course
Oh no they're not, and it gets worse as Goofball even give away free Android to their Asian makers
Apple's gonna call the next phone iPhone 4SII (inspired by Samsung)?.
I refuse to buy more "stuff."
Plus, my 4 year old does not need her own iPad ! She can use one of the four iPads her 9 year old brother carried on his belt.
Crocs had a fad and went really high and crashed.
Netflix got popular, went high, and crashed.
So did Microsoft, CMGI, PCLN, AMZN, BBY, ERTS, MACR, YHOO, INTC, ORCL
Krispy Kreme dough fucking nuts went really high and crashed.
So did Starbucks.
Is there any question in anyone's mind what will happen to AAPL? Aren't we all just waiting for the crash to verify gravity.... Again?
What the fuck are we doing?
I am going to say it's a little ploy to get that shareprice up faster and higher percentage wise during launch than otherwise would have been the case ceteris paribus. (It also takes a little edge off the downside risk if the launch is less well received than stellar). That way it seems "the market" really has faith in the new product by looking at the charts and all "analysts" are going to crow that so your average Joe will think that it's another hit and he HAS to be part of it. I am not putting any fiat on it though, the party can't last much longer. The vertical will hold until it doesn't. A new joo will rise. He is being groomed as we speak.
edit I fucked up that Latin phrase by not using the correct inflection. I suck. Also added by looking at the charts.
Great chart ZH, that and the Nasdaq and S&P look heavy as hell.