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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 | 2768781 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 | 2768798 camaro68ss
camaro68ss's picture

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

Thu, 09/06/2012 - 13:30 | 2768807 camaro68ss
camaro68ss's picture

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

Thu, 09/06/2012 - 14:16 | 2768951 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 | 2769084 Spastica Rex
Spastica Rex's picture

Killjoy.

Thu, 09/06/2012 - 15:51 | 2769231 SGS
SGS's picture

Johnny fucking raincloud

Thu, 09/06/2012 - 13:35 | 2768826 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 | 2770272 intric8
intric8's picture

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

Thu, 09/06/2012 - 13:53 | 2768879 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 | 2768928 slaughterer
slaughterer's picture

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

Thu, 09/06/2012 - 14:19 | 2768964 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 | 2769091 Spastica Rex
Spastica Rex's picture

Dental? Hospital? Mental?

Thu, 09/06/2012 - 14:45 | 2769059 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 | 2769157 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 | 2768782 Mark Carney
Mark Carney's picture

That is nice but still glad bought silver, not AAPL

Thu, 09/06/2012 - 16:44 | 2769380 FiatGold
FiatGold's picture

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

Thu, 09/06/2012 - 13:21 | 2768784 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 | 2768799 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 | 2768803 ParkAveFlasher
ParkAveFlasher's picture

The shoeshine boys are talking about Apple. 

Thu, 09/06/2012 - 16:27 | 2769328 resurger
resurger's picture

lol

Is it time?!

lets wait for the fucking charada to end in November

Thu, 09/06/2012 - 14:23 | 2768984 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 | 2768866 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 | 2768786 fonzannoon
fonzannoon's picture

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 | 2768839 slaughterer
slaughterer's picture

+1

 

Thu, 09/06/2012 - 13:40 | 2768844 mccoyspace
mccoyspace's picture

Word

Thu, 09/06/2012 - 13:50 | 2768875 ar01
ar01's picture

Amen.

Thu, 09/06/2012 - 14:05 | 2768921 LoneStarHog
LoneStarHog's picture

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

Thu, 09/06/2012 - 14:09 | 2768932 slaughterer
slaughterer's picture

I am 99% sure that ZH is scanned by HFTs and FB/CIA alike.  Sorry.  

Thu, 09/06/2012 - 14:21 | 2768975 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 | 2769159 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 | 2769245 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 | 2768787 Xibalba
Xibalba's picture

OBAMA 2012!!!  Woohooo!  

 

 

 

we're fooked. 

Thu, 09/06/2012 - 14:27 | 2769000 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Romney/Ryan!

....fucked either way....

Thu, 09/06/2012 - 14:36 | 2769031 fuu
fuu's picture

The cancer or the dick...

Thu, 09/06/2012 - 16:19 | 2769298 Crabshacker
Crabshacker's picture

Dick cancer sucks..

Thu, 09/06/2012 - 13:23 | 2768789 LeisureSmith
LeisureSmith's picture

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

Thu, 09/06/2012 - 13:23 | 2768790 hugovanderbubble
hugovanderbubble's picture

long THLD till 20

Thu, 09/06/2012 - 13:23 | 2768791 blunderdog
blunderdog's picture

Ah, memories!

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

Thu, 09/06/2012 - 13:25 | 2768795 csmith
csmith's picture

Meanwhile this guy has been invisible:

 

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

 

 

Thu, 09/06/2012 - 13:47 | 2768859 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 | 2768797 VonManstein
VonManstein's picture

repeat after me.. "there is no inflation"

Thu, 09/06/2012 - 13:49 | 2768814 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 | 2768819 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 | 2768934 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 | 2768823 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 | 2768825 bdc63
bdc63's picture

duplicate post, sorry

Thu, 09/06/2012 - 13:37 | 2768830 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 | 2768831 CharlesH
CharlesH's picture

The Cardigans - Erase/Rewind

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

Thu, 09/06/2012 - 13:38 | 2768832 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 | 2768855 LoneStarHog
LoneStarHog's picture

Facebook IPO

Thu, 09/06/2012 - 14:12 | 2768938 ParkAveFlasher
ParkAveFlasher's picture

Epic bond market Mobius strip

Thu, 09/06/2012 - 13:40 | 2768843 Meesohaawnee
Meesohaawnee's picture

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

Thu, 09/06/2012 - 13:45 | 2768853 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 | 2768861 Jason T
Jason T's picture

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

Thu, 09/06/2012 - 13:48 | 2768864 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 | 2768874 slaughterer
slaughterer's picture

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

Thu, 09/06/2012 - 13:51 | 2768878 foodstampbarry
foodstampbarry's picture

Forward comrades!

Thu, 09/06/2012 - 13:53 | 2768884 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 | 2768911 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 | 2768916 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 | 2768948 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 | 2768992 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 | 2768927 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 | 2769050 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 | 2769071 Overfed
Overfed's picture

How bad is it gonna hurt when this bubble pops?

Thu, 09/06/2012 - 15:00 | 2769092 tawse57
tawse57's picture

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

Thu, 09/06/2012 - 15:02 | 2769097 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 | 2769119 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 | 2769415 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!