Presenting For Your Correlation Consideration: THE Transfer Payment

Tyler Durden's picture


We know correlation is not causation, but... Black line is student loan debt; Orange line is AAPL total cash. 2+2 just may ≠ 5 in this case.


Chart: Bloomberg

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Wed, 04/25/2012 - 13:44 | 2374135 mayhem_korner
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Wed, 04/25/2012 - 13:45 | 2374140 jcia
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but but but but but... it's SHINY

Wed, 04/25/2012 - 13:47 | 2374151 slaughterer
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Topeka Capital's Brian White, who made waves by setting a $1,001 PT on Apple (AAPL +9%) 3 weeks ago, is raising it to $1,111 following the company's FQ2 beat

Wed, 04/25/2012 - 13:51 | 2374180 SheepDog-One
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Well good for him, I'm sure he's all-in Apple fully margined.

Wed, 04/25/2012 - 13:56 | 2374212 slaughterer
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SD-1: don't you see, AAPL is #1 four times in a row.

Wed, 04/25/2012 - 14:01 | 2374239 Buckaroo Banzai
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Well, at least Apple customers get something of value for their purchase.

BTW, it's "hoard" not "horde".

Although the the vision of a "horde" of Apple dollars sweeping across the Asian steppes is a funny one.

Mongol General: Hao! Dai ye! We won again! This is good, but what is best in life?
Mongol: The open steppe, fleet horse, falcons at your wrist, and the wind in your hair.
Mongol General: Wrong! Conan! What is best in life?
Conan: To crush your enemies, see them driven before you, and to hear the lamentation of their women.
Mongol General: That is good! That is good.

Wed, 04/25/2012 - 14:04 | 2374262 Arthor Bearing
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My only regret is having but +1 to give

Wed, 04/25/2012 - 14:08 | 2374285's picture


Wed, 04/25/2012 - 15:24 | 2374627 Thomas
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The techical term is "I-Whored"

Wed, 04/25/2012 - 14:08 | 2374283 SheepDog-One
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And ding dong Bill Gates is dead, The Guru is gone. 

Wed, 04/25/2012 - 14:18 | 2374337 derek_vineyard
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Steve jobs.

Wed, 04/25/2012 - 13:52 | 2374185 Arthor Bearing
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Step 1: Pump.
Step 2: ?????

Wed, 04/25/2012 - 13:55 | 2374205 slaughterer
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Step 2: repeat Step 1.

Wed, 04/25/2012 - 14:03 | 2374249 Arthor Bearing
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I have a hunch that if a professional trader is predicting the world's most overbought stock is going to double in price, he's looking for somebody to pick up his shares so he can cash in

Wed, 04/25/2012 - 14:07 | 2374278 CvlDobd
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Same as it ever was.

Wed, 04/25/2012 - 14:23 | 2374373 derek_vineyard
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I saw my first crack in the apple armour when 2 (yes two) different 20 somethings told me that wanted a droid and apple was over priced and hyped-----this was last week.   Apple and facebook are now too trendy to be trendy anymore.  On to a new trend here in USA.  Foriegn countries lag behind us as new trends are set.


Wed, 04/25/2012 - 14:33 | 2374425 crawldaddy
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yep,  hard to be cool and trendy as a young adult if your freakin mom has the same thing you do.

Wed, 04/25/2012 - 14:45 | 2374489 CvlDobd
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All the dipshits I know that play WOW think they are cool and they use droids.

Wed, 04/25/2012 - 16:56 | 2374898 trebuchet
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droid      ...............................   cooool

Wed, 04/25/2012 - 19:11 | 2375210 koperniuk666
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Surely Performance and Price are more important - or am I just being stupid???

The last mac I bought (a G4 in 2005) was  3 times the price of a crappy PC. And I was happy

The most recent mac I bought (a Pro) is disappointlngly ..... crappy. I will not be buying another one. 

Dont ALL products have life cycles?????

I mean, do you remember when 'North Face" was a QUALITY brand???????


Wed, 04/25/2012 - 14:37 | 2374449 Chaffinch
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Are you sure Brian White is human? These price targets look awfully like binary code to me... ; )

Wed, 04/25/2012 - 20:54 | 2375330 Acorn10012
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iOwe,'s off to debtor prison we go.

Wed, 04/25/2012 - 13:45 | 2374137 cougar_w
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Chart porn for the _________ crowd

Wed, 04/25/2012 - 13:48 | 2374165 Arthor Bearing
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for the anti-yuppy finance crowd?

Wed, 04/25/2012 - 15:10 | 2374552 TheGardener
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Chart porn indeed it is; two different right hand scales adjusted for one chart curve correlation

Wed, 04/25/2012 - 13:48 | 2374139 vast-dom
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yes of course!


so it then follows that AAPL bites the dust when the student loan bubble blows.....ah but timing is central obsession and i've been ocd'ing on SP at 800 for over 9months...


(as a student i actually did go into debt for a macbook pro once....)

Wed, 04/25/2012 - 13:50 | 2374178 Arthor Bearing
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I'm sure it's common, thus the chart. I'm sure you could put many lines that look like that from that same time period together. How about gold price? What would the causation be between AAPL, student loans, and gold?

Wed, 04/25/2012 - 14:05 | 2374255 vast-dom
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hey man i could make causation between charts and piles of iShit and squiggly heberphrenic scrawl from the insane asylum! and then i could provide some impenetrable ironclad algos and formulas.

iFuckingiNsaneiMotherfuckingPods as function of iFuckYouUpwiTiCharts.


Wed, 04/25/2012 - 13:47 | 2374146 Temporalist
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That chart just shows that we need more students.  This message was approved by Barack Obama.

Wed, 04/25/2012 - 13:48 | 2374160 SheepDog-One
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Time to fill the college classrooms with every EBT card holder out there...Kenyanomics, bitchez!

Wed, 04/25/2012 - 14:22 | 2374366 Nobody For President
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Actually SD, you're right, maybe not in the sarcastic way you thought = it is a lot cheaper than puttin' em in jail:

In CA, cost per inmate per year = $47K

Cost per student (including living costs) = $22 K (Community college living on campus) to $45K (Private college living off-campus)

Amusing, eh?

Wed, 04/25/2012 - 14:02 | 2374247 GubbermintWorker
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And he said that he and his wife just recently paid their student debt off? Doesn't that scream that "something" is wrong here!?!?!

Wed, 04/25/2012 - 13:47 | 2374149 SheepDog-One
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2+2 may question 5? 

Wed, 04/25/2012 - 13:50 | 2374177 Dr. Richard Head
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Reminds me of the old ZH captchas.

Wed, 04/25/2012 - 13:53 | 2374191 SheepDog-One
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LOL I do remember those...-250x-275= (answer must be shorter than 1 character)....WHAT?

Wed, 04/25/2012 - 14:06 | 2374268 cougar_w
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You will have to admit though, the captcha practice did serve to prepare us all for the running test of absurdity that became BLS data.

Wed, 04/25/2012 - 13:53 | 2374196 cougar_w
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I swear, the articles were better back then, too.

Not saying anything about correlation and causation and all that. Though it seems fashionable these days to imply such things.

Wed, 04/25/2012 - 14:13 | 2374301 Dr. Richard Head
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Correlation and causation for lack of trolls could be deduced.  At least the trolls back then were inteliigent....mhhhmmmmm....MillionDollarBOnus.

Wed, 04/25/2012 - 13:47 | 2374152 kridkrid
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You could throw the chinese factory worker suicide rate over that as well.

Wed, 04/25/2012 - 13:48 | 2374156 vast-dom
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someone's gotta pay.


and it's not personal.....

Wed, 04/25/2012 - 14:45 | 2374153 kevinearick
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So, the Bataan Death March through stupidity continues...the Fed battles volatility behind the margin, while pumping the margin, racing to avoid transparency...

Apple is the empire bet, assuming the path through which it must betting on the Dallas Cowboys... America's Team right? How's that $2B stadium working out? Great if you're San Francisco, or a league owner.

Load the kids down with debt and hope you catch 1 in a thousand with some kind of intelligence to turn over...of course you must control everything to make it work. They call it noise.

In the meantime, how's the family, and business? Are you getting enough sleep?

Wed, 04/25/2012 - 13:48 | 2374161 zhtidbits
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Nice chart, but 60% of revenue comes from overseas.  Agree with the long term non-sustainability of their competitive advantage, but the peak could be tomorrow or 3 years from now.

Wed, 04/25/2012 - 13:49 | 2374168 TideFighter
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I called the rental equipment place to rent Al Gore's cherry picker, we're gonna need it. 

Wed, 04/25/2012 - 13:52 | 2374179 Dr. Richard Head
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It's right over there by the lock box and the internet.

Wed, 04/25/2012 - 14:09 | 2374289 NotApplicable
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Which are behind that rather large pile of carbon credits.

Wed, 04/25/2012 - 13:51 | 2374171 hedgeless_horseman
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It is a wonder how my wife, children, and I can live so well without student loans and iPhones.

Wed, 04/25/2012 - 13:49 | 2374173 Temporalist
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It's all good.  Housing is bottoming:

Housing Declared Bottoming in U.S. After Six-Year Slump

Wed, 04/25/2012 - 13:54 | 2374197 TideFighter
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Brilliant piece of work. "Bottoming (seeking a bottom)" vs. "Bottomed"

sarc off 

Wed, 04/25/2012 - 14:10 | 2374297 SheepDog-One
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OH right, housing itself declaring its bottoming! Well its been either recovering or bottoming for 4 years now so I guess someday it will actually bottom. Of course that doesnt mean it heads right back up either....the Titanic also bottomed.

Wed, 04/25/2012 - 13:51 | 2374181 cnhedge
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An update on TARGET2

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