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NASDAQ At 12-Year Highs, AAPL +9571% In Same Period
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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Nasdaq 30-fucken-thousand, bitchez.
Surreal shit. Can we have a 10% flash crash please?
This will get the sheeple to start buying at the top! TEOTWAWKI OFF!!!
Grandma and pa dont have to eat dog food anymore. weeeeeeee
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-...
Killjoy.
Johnny fucking raincloud
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.
Sheeple all in at Dow 14,000. Nasdaq 3,200. God help us.
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.
New support being S&P 500 @ 1425, right?
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.
Dental? Hospital? Mental?
thanx...will watch for that and VWAP levels. Why wait until now to make your trade?
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.
That is nice but still glad bought silver, not AAPL
I'm holding both!!! Apples for mo silver bitchz!
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.
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.
The shoeshine boys are talking about Apple.
lol
Is it time?!
lets wait for the fucking charada to end in November
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...
At the rate it is going - AND! to keep going at this rate...
AAPL will bloody well have to own the fuckin Universe.
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.
+1
Word
Amen.
That is because the HFT 'puters don't read ZeroHedge.
I am 99% sure that ZH is scanned by HFTs and FB/CIA alike. Sorry.
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.
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...
Main stream media, Wallstreet & the PPT is doing exactly the opposite of what ZHers and the Tylers are reporting/doing...
OBAMA 2012!!! Woohooo!
we're fooked.
Romney/Ryan!
....fucked either way....
The cancer or the dick...
Dick cancer sucks..
You should not get high when you're only 12.
long THLD till 20
Ah, memories!
Back around the turn of the century, I was an Internet thousandaire.
Meanwhile this guy has been invisible:
http://www.zerohedge.com/news/biderman-responds
poor guy .. he's done for. Long FB and short the market lol
repeat after me.. "there is no inflation"
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.
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.
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.
Call me skeptical, but I don't think they are going to keep their '12 year highs' into the close today ...
duplicate post, sorry
Naked short holocaust. Exterminate the bears, with extreme prejudice. The central bank final solution has begun.
The Cardigans - Erase/Rewind
http://www.youtube.com/watch?v=x9ZwORlV4GE
Hey guys, long time, no see. I've been away since 2000. What did I miss?
Facebook IPO
Epic bond market Mobius strip
CRUDE 100 Yippeeeeee.. jobs jobs jobs.. whoo hoo. Obama you savior!! hail.
Tyler, so what is the REAL value, now that you have given the NOMINAL. Thank you!
just filled gas tank.. $51 at $3.97 a gallon upstate NY
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
GOOG about to win the race to $700 before AAPL.
Forward comrades!
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
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.
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....
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.
I have friends that hyperventalate if I move to touch their Macbooks without their permission. Everyone forgets one of Fight Club's underlying memes....
I've noticed the hardcore Apple users are usually more wealthy than the average, but also the stupidest people I know.
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.
How bad is it gonna hurt when this bubble pops?
We may never find out the way it is just refusing to pop.
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.
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.
If you've got a $200/week groceries habit, you're doing quite well.