from the article:
“A prominent architecture critic has panned Apple’s plans for its new Cupertino, Calif., campus, suggesting it is a “wildly ambitious, over-the-top headquarters” out of sync with the company’s beautiful and functional products.”
Poor guy doesn’t know what’s coming. Outside ring is just phase one. In phase two, inverted bell curve golden circular pyramid skyscraper will arise from the inside of the ring. lol
Another great read from Paul Farrell. I do not even know where to start, there is so much flawed logic in Ayn Rand ideas. From the article:
”
Worse, we also know leaders armed with “wrong theories” can do lots of damage in the name of their ideologies. So take a moment, compare the following Bridgewater’s “Principles” with Rand’s earlier description of capitalism. My challenges are italicized. Then ask yourself: “What’s The Truth?” …
Dalio: “Self-interest and society’s interests are generally symbiotic: more than anything else, it is pursuit of self interest that motivates people to push themselves to do the difficult things that benefit them and that contribute to society.” [Is that really true? Does individual self-interest always make the best contribution to society in general? Or is that just an unproven, possibly even “wrong theory?”]
Dalio: “In return, society rewards those who give it what it wants. That is why how much money people have earned is a rough measure of how much they gave society what it wanted.” [Ask yourself: Is it really true that society as a whole wants unregulated derivatives as much as Goldman Sachs’s executives?]
Dalio: “Look at what caused people to make a lot of money and you will see that usually it is in proportion to their production of what the society wanted.” [Ask yourself: Is it true that a Lloyd Blankfein produces more of what society really wants than, for example, a Steve Jobs, Daniel Kahneman, Rod Stewart or Dalai Lama?]
Dalio: “There are many people who have made a lot of money who never made making a lot of money their primary goal.” [But isn’t it true that “making a lot of money” is the main goal of the financial industry, its insiders and stockholders?]
Dalio: “There is an excellent correlation between giving society what it wants and making money, and almost no correlation between the desire to make money and how much money one makes. I know that this is true for me.” [But is this really true for the other 99% of Americans, tens of millions unemployed or living in poverty?]
Dalio: “So what is success? I believe that it is nothing more than getting what you want — and that it is up to you to decide what that is for you.” [But is it really true that you can omit what’s best for society at large from a success equation, by assuming that some magical “invisible hand” plus the collective selfishness of individuals will guarantee the public interest is best served? Or could this be a “wrong theory?”]
”
read the whole thing at link below. I would really like to see honest discussion on this one.
SOURCE:
http://www.marketwatch.com/story/top-hedge-fund-mixes-ayn-rand-behavioral-psych-2011-09-27
I’ll start with the biggest illusion. Ayn Rand and her followers consider themselves rooted in reality and not basing their views on wishful thinking of some goody-goody intellectuals. Ayn Rand herself developed philosophy she named Objectivism, which is actually very subjective and not rooted in reality. One of the biggest principles of holy selfishness is belief in “pure, uncontrolled, unregulated laissez-faire capitalism”. Really? That you think will bring order to society and economic wellbeing for all who work hard for it? So let’s have a look. What does unregulated, uncontrolled capitalism generate? Any company that rises to a certain size will have enough power to buy off and corner it’s industry. Those who have money control the law. You may call some altruistic intellectual unrooted in reality, but then who is someone who believes that giants that compile huge piles of cash are going to be interested in unregulated laissez-faire capitalism FOR SOMEONE ELSE? And that’s the biggest point. ATT is not interested in some startup that would put it out of business. Those that are in and big will always be blocking those that are out to challenge them. So question really is can self interest of small outsider beat the self interest of big insider. And if you are not naive and rooted in reality, how would you provide that laissez-faire capitalism for small selfish participant without any regulation? You can’t!
Technically, there is bearish MACD crossover on AAPL’s 3 months daily chart, but at the same it is at a bullish cross on stochastic in the same time frame. Moreover there is bullish cross on both MACD and stochastic on 3 months DIA. So in the short term (10 days) view whatever down pressure AAPL’s MACD is generating it should be offset by DJIA bullish setup. And by peeking at 2 years weekly chart for DIA, there is an indication of bull run brewing up during next 3 months (medium term) as MACD on DIA is approaching bullish cross. AAPL’s indicators again are weaker in that time frame. Bearish cross on stochastic is indicating overbought levels although momentum is still slightly up as indicated by MACD on 2 years weekly.
All in all, because enveloping factors (DIA) look quite bullish both in the short term and in the medium term, AAPL should chug along even with slightly weaker technicals.
DIA 2 years/weekly
DIA 3 months/daily
AAPL 2 years/weekly
AAPL 3 months/daily
Why is AAPL getting pounded at the open?
I guess, f!@$king JPMorgan Chase & Co’s crap….
“In a report issues to investors this week, JPMorgan Chase & Co. indicated that Apple has cut fourth-quarter iPad orders from its overseas supply chain by 25 percent, according to Bloomberg. Sources in the supply chain said the cut was enacted in the last two weeks, and it is the first such one from Apple they have ever seen.”
Such Bullsh@t……. manipulation!
Just curious. Why do you assert this is manipulation? Do you have reason to believe JPMorgan’s report is false/inaccurate? Or is it just the timing that is suspicious to you?
I’m not one of those people that believe that every time aapl goes down, someone is manipulating it. But, when you start looking at everything that is going on: New iPad plant in Brazil coming online by the end of the year. The coming holiday season. It would be hard to come to the conclusion that iPad demand just dropped drastically and that’s what this analyst is saying.
“The claims from JPMorgan come as a separate report from DigiTimes also made mention of a ‘slowdown in global demand’ prompting Apple to follow a market shift toward lower prices,” Oliver reports. “It cited ‘market rumors’ in claiming Apple plans to cut the price of the iPad 2.”
It’s more likely that Apple is shifting some production from China to the Brazilian plant. I think his report is inaccurate because it doesn’t rely on all of the information available. Some of these guys like to use half the information to make an assessment of what is happening. It’s just seems a little odd to me.
Heh. Here’s my personal favorite. Not only has the author repeated the Chase note about iPad supply chain reduction, but is suggesting that it is attributed to Apple being scared of Amazon’s still-yet-to-actually-be-released Kindle tablet:
That said, JPMorgan seems to be alleging that Apple has cut their Q4 supply chain orders. If Brazil isn’t coming online until the end of the year, that wouldn’t seem to sync up time-wise as a simple shift in supply source. I have no reason to believe or disbelieve the JPMorgan report, but I too find it odd (nee unbelievable) that Apple would be cutting supply ahead of the holiday season…
One plant dropping 25%, within a couple of months of when a new plant starts production seems pretty dang obvious to me. Apple could have increased production for more buffer. Either way, at the end of the quarter, we will see that this idiot was wrong.
It’s actually not just one plant apparently. From the Bloomberg link you posted below:
“Hariharan’s report, dated Sept. 25, said multiple supply- chain vendors indicated a 25 percent reduction in so-called sell-in orders in the past two weeks, the first such cut that analysts at JPMorgan’s electronic manufacturing services team in Hong Kong said they have seen. Sell-in orders are those made by a company — in this case, Apple — to a supplier.”
However: “…analysts at Barclays Capital wrote in a report. “The numbers being circulated Monday might be related to components and not to actual iPad 2 shipments, in our view. Components checks (are) not a good proxy for actual iPad product shipments.”
Even colleagues within JPMorgan know this report is bogus.
“JPMorgan Chase & Co. (JPM) analyst Mark Moskowitz said research from his colleagues in Asia about a cut in Apple Inc. (AAPL) iPad orders doesn’t represent the views of the securities firm’s U.S. team, and that “Apple is fine.”
Ya it sucks, but use it as a buying opportunity. AAPL on sale.
Getting pounded?
Looks like AAPL is holding better than other stocks across the market to me.
Ha! My GoogleFinance comparison chart was showing the five days before today.
Still, it’s not that bad.
It looks like some are seeing the report for what it was…… BS! Nice rebound!
“at the open”.
And yes, it is being pounded. It’s down 1 point on day when DJIA is up 272. If it wasn’t, it would be up 12 points on day like this.
Gold falling like mothe***r, pumping dollar and dumping euro. Strengthening dollar means weakening US markets – hence s&p500 futures falling like crazy hand in hand with falling gold. I hope this is going to find some bottom because if not we are going to have another mega weak open. gold is down 90+! I would think that’s already plenty of down compared to it’s 20 ATR!
make it 100
gold decreased the drop to -31, s&p500 up 4.25. Maybe there is a light at the end of the tunnel.
It looks like it’s going to be quite a meltdown at the open. Seatbelts – check. Helmet – check.
How can you kill both euro and gold at the same time? Ask Bernanke! What a killjoy. As for AAPL’s breakout,it was ready to go, unfortunately enveloping elements choked it and will continue to choke it unless some positive talk comes out of IMF meeting.
October 4th.
I haven’t seen anything showing it is “official”. Just reports…..
It looks more and more like the first week will be the announcement.
Aren’t you sick and tired hearing about Greece? futures down 23 points.
Crazy thing is that Greece is actually not that big of the problem. What they are afraid of is the panic and domino effect that would ensue creating self fulfilling prophecy out of it. One more time someone tells me he believes markets are efficient I am going to punch him in the nose. I would coin the phrase that shall replace the term ‘efficient markets’. More accurate term and theory is ‘hysterical markets’ and ‘hysterical theory’.
Keynes called them “animal spirits” of all of us who make the market crazy.
I think they just pull Greece out of the bag when they want to kick the market down a notch. Next week everything will be okay. Then in a month “OMG!!!!!! What if Greece defaults?!!!!!!!”
So as soon as you start to see news that say Greek default is not imminent S&P downgrades Italy credit rating! Since I don’t believe neither in free or efficient markets, in my book someone is making concentrated effort to shock the euro down. The way I see it is we have more of the manipulated hysterical markets than free efficient markets.
Following chart is just fragment of charts that needs to be looked at but it is the most immediate time frame. One needs to also analyze one frame above (I use 2 years weekly) which envelopes this chart to get better idea where really big money are going. Then, same should be done on DIA. That is 2 years weekly and then 3 months daily like this one. If all of them combined look promising then we have better chance of estimating direction of market/equity. Still, these are just increased chances. Market is always free to do any crazy shit on unexpected news. So, stops needs to be set to get out if things go awry.
So what do we have here. We have a setup for classic breakout pattern here (again). Breakout is tall skyscraper that usually emerges after the big resistance is broken. AAPL is approaching all time high of 404.50 from the beginning of August. This forms current resistance line (3). We have ever rising lows (1) and ever rising highs (2). We also have ascending triangle when we combine line of rising lows (1) with line of resistance (3). On stochastic (5) we have signal line (blue) turning up in the middle of the cycle at around 40%. Again positive, as stochastic is usually pushed below 20% before it turns around if there is not much strength. MACD (6) is actually slightly on the overbought side. And finally volume (7) is supporting the move with it’s rising line.
Now the good stuff (4). Red dot is the place where all the stops are. Players that are shorting Apple have their stops right above the biggest resistance line. They know that once it is crossed they could be in big trouble if there is breakout. Breakout there usually is as all of the turtles (trend players) have buy orders in exactly the same place. In other words turtles know about the shorters and shorters know about the turtles. And neither one of them wants be in the way when shit hits the fan. (of course for longs better term would be when whipped cream hits the fan).
Enjoy the show.
btw. stochastic being over the 80% is overbought as well at the moment, so there could be a dip back to 390 levels before attempt to breakout. Or not. Often times when price is approaching big resistance, that resistance is acting like a magnet. Attracting the price to it.
Thanks for taking your time to give a nice detailed explanation. I hope you’re right. Going back to $390 before $420 or higher would be a nice plus for me as I would improve my Nov $450-$485 spread on the cheap.
Nice. Thanks for the tutorial.
I always prefer analysis of current, relevant events to the typical textbook hypotheticals. It’s reassuring to know for certain that, as in actual practice, the analysis has definitely been done *before* seeing the next month or two of data points plotted on the chart!
Nice pick Conshmillo!
yeah, I like that whipped cream
So, we closed at 411.63 today. Does this mean that the whip cream is traveling towards the fan at this very moment, or is it just aimed at the fan, ominously… Waiting for the right moment… ; )
For day traders it’s already whipped cream all over. I guess it depends on one’s time frame of operation. Trend investors are just starting and will be adding to positions combined with tight stops so they don’t give it back. Short term traders will be probably fading out of as it will start approaching $430, if it gets there. More of these shorters’ stops can be knocked out, bigger the panic among them and higher the skyscraper willl get. Fed comments this week can help it or kill it. Another thing is euro. US market rises and falls with it. They just eased with Greece fear mongering and bang S&P downgrades Italy. But I think it will go through with expectation of iPhone 5 announcement anytime now.
GotWake 12:41 pm on September 28, 2011 234 days ago Reply
It’s funny how some people will b@tch about anything. “Wildly ambitious”? This moron doesn’t know Apple very well. They just revolutionized 2 industries in four years, I think they may know what they are doing.