WTF Chart Of The Day

Having surpassed the key 200-day moving-average (and $200 level), risen for 10 straight days (longest since 2010), and up almost 43% from the start-of-January lows, Apple's Tim Cook must be laughing all the way to the bank...

 

But, amid price-cuts, uninspiring product launches, and overseas demand concerns, analysts don't seem to be buying what Cook is selling...

Earnings expectations for AAPL's Q2 have collapsed as AAPL's stock has soared on some magical hockey-stick expectation in the future (i.e Q2 is just a flesh-wound, low bar to jump over and run the algos again).

Behold, the miracle of buybacks!!

WTF indeed?