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NASDAQ At 12-Year Highs, AAPL +9571% In Same Period

Tyler Durden's picture





 

While partying like its 1999 is still a way away, the NASDAQ has managed to get back to December 2000 levels as it has only dropped by more than 1% once in the last six weeks #yay Retirement-On!

 

and of course, we must thank AAPL:

 

Now over 20% weighted in the NASDAQ-100...

 

As AAPL is up...9571% since the $7.50 price when the NASDAQ last saw this index level...

 


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Thu, 09/06/2012 - 13:20 | Link to Comment Non Passaran
Non Passaran's picture

Nasdaq 30-fucken-thousand, bitchez.
Surreal shit. Can we have a 10% flash crash please?

Thu, 09/06/2012 - 13:27 | Link to Comment camaro68ss
camaro68ss's picture

This will get the sheeple to start buying at the top! TEOTWAWKI OFF!!!

Thu, 09/06/2012 - 13:30 | Link to Comment camaro68ss
camaro68ss's picture

Grandma and pa dont have to eat dog food anymore. weeeeeeee

Thu, 09/06/2012 - 14:16 | Link to Comment AlaricBalth
AlaricBalth's picture

NASDAQ At 12-Year Highs

Yes, in nominal terms. Yet adjusting for inflation (reported CPI data) the NASDAQ is -27% from December 2000. Based on todays NASDAQ price of about 3134, that is an adjusted price of 2287. And dont even get me started on the faulty CPI reporting, have you been to the grocery store lately? My i-Pad is looking better and better as a daily nutritional source. 

 

http://www.advisorperspectives.com/dshort/charts/markets/SPX-Dow-Nasdaq-...

Thu, 09/06/2012 - 14:57 | Link to Comment Spastica Rex
Spastica Rex's picture

Killjoy.

Thu, 09/06/2012 - 15:51 | Link to Comment SGS
SGS's picture

Johnny fucking raincloud

Thu, 09/06/2012 - 13:35 | Link to Comment slaughterer
slaughterer's picture

Obama must have his trading console in the WH shorting WTI right now for the sake of his magnificent acceptance speech, as WTI is going down on incredible shortage reported this morning.  Short WTI is the only contrarian trade working today.  

Thu, 09/06/2012 - 21:50 | Link to Comment intric8
intric8's picture

Sheeple all in at Dow 14,000. Nasdaq 3,200. God help us.

Thu, 09/06/2012 - 13:53 | Link to Comment brokenclock
brokenclock's picture

If you have been trading since REG NMS was initiated and watched HFT blow out all stops on either the long side or short side , then you should know this. The pattern is very obvious for intraday, weekly, and monthly. Here is  the setup all the ZERO HEDGE people are waiting for, so be patient.

 

The market will blow up here creating a new support and resistance. As fast as this rip goes up it will test the new support. Then it will retrace to scare the shorts thinking it will make higher highs. This is where you get short 1/3 your postition. Don't get heavy that you get shaken out. This is the sucker blow up and the place to be short.  Once the HFT breaks support again it will flush real fast to not allow you to short more. Wait for the bounce or weak short covers and  put the rest of your postion on. This is the big trade you can retire from. 

I would take 30 day options as protection once you put on the full postion. This is how you get paid in the screwed up HFT world. You need to stay small at first and once comfirmed go big and heavy. Do not add to a postion against you or average in. Remember there are no real bids or offers. It's all an illusion that really isn't there. So play for longer term.

 

Good Luck

This will be my first trade I have made in over 8 months. I will be putting on a short tier 1 position on the next retracement. Once it breaks below the new support I'm backing up the truck. Be patient becuase it's here and the setup is coming.

 

 

 

 

Thu, 09/06/2012 - 14:07 | Link to Comment slaughterer
slaughterer's picture

New support being S&P 500 @ 1425, right?  

Thu, 09/06/2012 - 14:19 | Link to Comment brokenclock
brokenclock's picture

I gave up on using exact support/resistance. I leave more wiggle room. Use that range but not exact.  Stay  small until postion is comfirmed. This is a very low risk high reward trade if you have patients.

Thu, 09/06/2012 - 15:00 | Link to Comment Spastica Rex
Spastica Rex's picture

Dental? Hospital? Mental?

Thu, 09/06/2012 - 14:45 | Link to Comment mirac
mirac's picture

thanx...will watch for that and VWAP levels.  Why wait until now to make your trade?

Thu, 09/06/2012 - 15:26 | Link to Comment brokenclock
brokenclock's picture

I don't like stepping in front of the freight train. Wait for them to blow this up. Then there will be a pull back. On the next leg up to test resistance is where you put your short on. Once the trade breaks below support and confirms, put the rest on.  You know where you out is, so  thats your risk.   You should never be out of the money much on this trade in a tier one postition.  When your trade confirms it is making money. Add to winners for the bigger move.

Thu, 09/06/2012 - 13:20 | Link to Comment Mark Carney
Mark Carney's picture

That is nice but still glad bought silver, not AAPL

Thu, 09/06/2012 - 16:44 | Link to Comment FiatGold
FiatGold's picture

I'm holding both!!!  Apples for mo silver bitchz!

Thu, 09/06/2012 - 13:21 | Link to Comment Dr. Engali
Dr. Engali's picture

I'm sure they will push Apple to a trillion dollar market cap and push the Nasdaq to new all time highs. No bubbles here.

Thu, 09/06/2012 - 13:27 | Link to Comment gjp
gjp's picture

It's truly incredible.  Apple valuation looks ok, but they have the law of large numbers for a premium product staring them in the face.  It's gonna take a lot of printed money to buy 500m iPhones a year at $500 per.  By 2015 every man women child and dog is going to have a smart phone (but the electricity grid may be permanently down).

As for money-losing AMZN, CRM, utterly impossible momentum stocks that could never possibly grow into their valuations.

And healthy / organic foods are just a small niche, but 40x earnings for HAIN, Whole Foods, United Natural on 10% growth at best selling premium products to overstretched consumers is just insane.  And these stocks have tripled or more in the last two years.  All thanks to Ben, what a guy, that's how you save the world.

Thu, 09/06/2012 - 13:29 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

The shoeshine boys are talking about Apple. 

Thu, 09/06/2012 - 16:27 | Link to Comment resurger
resurger's picture

lol

Is it time?!

lets wait for the fucking charada to end in November

Thu, 09/06/2012 - 14:23 | Link to Comment Diesel Seven
Diesel Seven's picture

How can you dis AMZN like that--they said the same about CSCO in early 2000. . . errr...  aw shit, gotta read the chart from left-to-right...

Thu, 09/06/2012 - 13:49 | Link to Comment BLOTTO
BLOTTO's picture

At the rate it is going - AND! to keep going at this rate...

AAPL will bloody well have to own the fuckin Universe.

 

 

Thu, 09/06/2012 - 13:21 | Link to Comment fonzannoon
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The thing that makes this site so great is the same thing that makes it so dangerous. You will never find the kind of macro based reality that ZH brings to the table anywhere else. The hard part is reading it day after day and not being tempted to throw some chips on the table based off the info here. The second you give in and try to trade it you lose your ass.

Thu, 09/06/2012 - 13:39 | Link to Comment slaughterer
slaughterer's picture

+1

 

Thu, 09/06/2012 - 13:40 | Link to Comment mccoyspace
mccoyspace's picture

Word

Thu, 09/06/2012 - 13:50 | Link to Comment ar01
ar01's picture

Amen.

Thu, 09/06/2012 - 14:05 | Link to Comment LoneStarHog
LoneStarHog's picture

That is because the HFT 'puters don't read ZeroHedge.

Thu, 09/06/2012 - 14:09 | Link to Comment slaughterer
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I am 99% sure that ZH is scanned by HFTs and FB/CIA alike.  Sorry.  

Thu, 09/06/2012 - 14:21 | Link to Comment LoneStarHog
LoneStarHog's picture

Good gawd! READ and try to COMPREHEND the original post to which I was replying ATTEMPTING some humor. It has NOTHING to do with FB/CIA and alike.

Thu, 09/06/2012 - 15:25 | Link to Comment smlbizman
smlbizman's picture

key word...attempting...maybe they are telling you its not funny...i did not down you but did not find it humorus...just saying, so easy big fella...easy...

Thu, 09/06/2012 - 15:59 | Link to Comment resurger
resurger's picture

Main stream media, Wallstreet & the PPT is doing exactly the opposite of what ZHers and the Tylers are reporting/doing...

 

Thu, 09/06/2012 - 13:21 | Link to Comment Xibalba
Xibalba's picture

OBAMA 2012!!!  Woohooo!  

 

 

 

we're fooked. 

Thu, 09/06/2012 - 14:27 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Romney/Ryan!

....fucked either way....

Thu, 09/06/2012 - 14:36 | Link to Comment fuu
fuu's picture

The cancer or the dick...

Thu, 09/06/2012 - 16:19 | Link to Comment Crabshacker
Crabshacker's picture

Dick cancer sucks..

Thu, 09/06/2012 - 13:23 | Link to Comment LeisureSmith
LeisureSmith's picture

You should not get high when you're only 12.

Thu, 09/06/2012 - 13:23 | Link to Comment hugovanderbubble
hugovanderbubble's picture

long THLD till 20

Thu, 09/06/2012 - 13:23 | Link to Comment blunderdog
blunderdog's picture

Ah, memories!

Back around the turn of the century, I was an Internet thousandaire.

Thu, 09/06/2012 - 13:25 | Link to Comment csmith
csmith's picture

Meanwhile this guy has been invisible:

 

http://www.zerohedge.com/news/biderman-responds

 

 

Thu, 09/06/2012 - 13:47 | Link to Comment Jason T
Jason T's picture

poor guy .. he's done for.  Long FB and short the market  lol

Thu, 09/06/2012 - 13:25 | Link to Comment VonManstein
VonManstein's picture

repeat after me.. "there is no inflation"

Thu, 09/06/2012 - 13:49 | Link to Comment gjp
gjp's picture

Of course it's at a 12-year high.  Europe is saved!  Buy US momo stocks at their ridiculous nosebleed peaks!

Surely the payback for this outrageous repeated behavior is coming soon?  It's gonna be a bitch.

Thu, 09/06/2012 - 13:33 | Link to Comment LeisureSmith
LeisureSmith's picture

Nurse: Doctor, we are being flooded with hopium overdoses, euphoria is though the roof and many people are baffled with bullshit something feirce.

Dr. : Stay calm. Give them a dose of reality.

Thu, 09/06/2012 - 14:11 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Dr. : Hold that dose a sec...[unzips fly]...first, let's see if we can bend the patient over the chair, alright, now, let's try something really special.

Thu, 09/06/2012 - 13:34 | Link to Comment bdc63
bdc63's picture

Call me skeptical, but I don't think they are going to keep their '12 year highs' into the close today ...

Thu, 09/06/2012 - 13:37 | Link to Comment bdc63
bdc63's picture

duplicate post, sorry

Thu, 09/06/2012 - 13:37 | Link to Comment singsing
singsing's picture

Naked short holocaust.  Exterminate the bears, with extreme prejudice.  The central bank final solution has begun.

Thu, 09/06/2012 - 13:38 | Link to Comment CharlesH
CharlesH's picture

The Cardigans - Erase/Rewind

http://www.youtube.com/watch?v=x9ZwORlV4GE

Thu, 09/06/2012 - 13:38 | Link to Comment mccoyspace
mccoyspace's picture

Hey guys, long time, no see. I've been away since 2000. What did I miss?

Thu, 09/06/2012 - 13:45 | Link to Comment LoneStarHog
LoneStarHog's picture

Facebook IPO

Thu, 09/06/2012 - 14:12 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Epic bond market Mobius strip

Thu, 09/06/2012 - 13:40 | Link to Comment Meesohaawnee
Meesohaawnee's picture

CRUDE 100 Yippeeeeee.. jobs jobs jobs.. whoo hoo. Obama you savior!! hail.

Thu, 09/06/2012 - 13:45 | Link to Comment LoneStarHog
LoneStarHog's picture

Tyler, so what is the REAL value, now that you have given the NOMINAL. Thank you!

Thu, 09/06/2012 - 13:48 | Link to Comment Jason T
Jason T's picture

just filled gas tank.. $51 at $3.97 a gallon upstate NY

Thu, 09/06/2012 - 13:48 | Link to Comment RobinHood73
RobinHood73's picture

HOW MANY IPHONE SALES DOES IT TAKE TO JUSTIFY 650BLN?

>500MM?  (looks like it) , 1 BILLION?

With 1 Billion shares outstanding, it takes roughly 2.4 MM new Ihpone 5 sales @ gross margin of 60%, sales price of 700to equate, on a npv basis,  to a $1 move in Apple share price.

Since their earnings miss last month, APPLE share price has discounted a minimum  additional 300 MM IPHONE 5 sales

Thu, 09/06/2012 - 13:49 | Link to Comment slaughterer
slaughterer's picture

GOOG about to win the race to $700 before AAPL. 

Thu, 09/06/2012 - 13:51 | Link to Comment foodstampbarry
foodstampbarry's picture

Forward comrades!

Thu, 09/06/2012 - 13:53 | Link to Comment Seasmoke
Seasmoke's picture

thats right......May 2001 i had 1000 shares of APPL @ 48 , i think it even dropped below $40.....i dont know whether to laugh or cry

Thu, 09/06/2012 - 14:00 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Apple has made life easy for every share holding baby boomer known to man.

This is like how the serfs would think being loyal to a King would benefit them. 

There is the King, he runs the land, and if we are to prosper then we will pay him taxes and let him sleep with our wives, because he will let us live the good life!

Long live King AAPL!

Thu, 09/06/2012 - 14:03 | Link to Comment El Tuco
El Tuco's picture

What the Bitchez may have forgot is the once proud and mighty NASDAQ stood at 5000 + and then fell almost 4000 points. Maybe this time it's different.

 

And fuck APPL. If you made money good. But fuck them as a company and the fucking garbage they sell and the harm they have brought to the stupid people of this world. I have hated their shit for ever and one day when it will be cool to hate APPL, well  can say I hated their shit first....

Thu, 09/06/2012 - 14:15 | Link to Comment Ms. Erable
Ms. Erable's picture

Right there with you - hated them since I had to switch to using a Mac from a PC in '85 at the job I had then. CrApple makes nothing but overpriced toys and weapons of mass distraction.

Thu, 09/06/2012 - 14:26 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I have friends that hyperventalate if I move to touch their Macbooks without their permission.  Everyone forgets one of Fight Club's underlying memes....

You are not your fucking Macbook....

Thu, 09/06/2012 - 14:08 | Link to Comment Blue Horshoe Lo...
Blue Horshoe Loves Annacott Steel's picture

I've noticed the hardcore Apple users are usually more wealthy than the average, but also the stupidest people I know.

Thu, 09/06/2012 - 14:42 | Link to Comment TWSceptic
TWSceptic's picture

Priced in gold everything goes down. Only the fool who thinks the dollar bill is the true representation of money and wealth will believe equities are going up.

Thu, 09/06/2012 - 14:52 | Link to Comment Overfed
Overfed's picture

How bad is it gonna hurt when this bubble pops?

Thu, 09/06/2012 - 15:00 | Link to Comment tawse57
tawse57's picture

We may never find out the way it is just refusing to pop.

Thu, 09/06/2012 - 15:02 | Link to Comment Overfed
Overfed's picture

It's just like when you're chewin' Double Bubble. :-)

Eventually it does burst and you end up with a bubblegum hairpiece all the way around your head.

Thu, 09/06/2012 - 15:11 | Link to Comment adr
adr's picture

Hmmm 1999, I had one year left in college. The stock market was riding high and my roomates mom was bragging about Cisco stock when she picked him up for the summer break. I told her to sell everything and take her money.

My school cost $28k a year in 1999, 2012 it is $48k

Average job offer for my major in 1999 was $75k, 2012 $27k

Went to the ER in 1999 for a kidney stone $1700, 2011 $8500

Grocery bill for a week in college $40, 2012 $200.

Savings account in 1999 5.5% interest, 2012 .015%

Something tells me we aren't better off now than 1999.

Thu, 09/06/2012 - 16:51 | Link to Comment blunderdog
blunderdog's picture

If you've got a $200/week groceries habit, you're doing quite well.

Do NOT follow this link or you will be banned from the site!