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The Stock Market Crash Of 2012: A Massive Of Shocks Is Hitting The System
APPLE SHOCK: Apple’s Stock Is Crashing
It seems, just as everyone knew but really did not want to admit, that AAPL is the core (pun intended) of the entire risk-rally. With the re-appearance of the bond-market this morning after their long-weekend, risk-assets everywhere have caught the tech companies’ cold with EURUSD at one-week lows – back under 1.2900, S&P futures tumbling back towards pre-QEternity levels and having wiped out all of last week’s gains, as AAPL is down over 2% (seemingly picking up speed once we noted the 10% iCorrection earlier). Oil is holkding gains while USD strength is sapping Silver, Copper, and Gold’s performance. Treasuries have snapped back to low yields of the day (down around 4-5bps). VIX has snapped back above 16% (up around 1 vol).
Continued below.
Gerald Celente ~ What In The World Is Going On?
Lindsey Williams ~ The Final Countdown To Total NWO Take Over Of America
Inner Earth Expedition Updates With Brooks Agnew
Obama’s Ring: ‘There Is No God But Allah’
October Surprise: US And Israel Prepare To Strike Iran
Euro Is Destroyed, Dollar To Follow China Gold Backed Yuan Scare This Is It!!
Undeniable, American Civil War, It Is InThe Cards
Warning, Crash Dead Ahead! We Are Entering The Ending Phase Of Bull Market
Hyperinflation In 1 Year…NEW John Williams Interview Oct 2012
Nikola Tesla Prediction For The Future Of The Human Race
Jimmy Carter Says Elections Corrupted
S&P futures tumbling – wiping out last week’s gains…
as EURUSD falls back below 1.2900…
From Businessinsider:
So, what’s going on?
Why is the only stock that pretty much everyone agreed was a sure thing suddenly going weak in the knees?
A bunch of likely reasons (If I’ve missed any, please add yours in the comments):
- The last huge catalyst of this year–the iPhone 5–is now ancient history, and investors no longer have any massive product announcements to look forward to. Early this year, investors were expecting three big product catalysts from Apple: the iPad 3, the iPhone 5, and the “iTV.” The first two have been launched. The “iTV,” meanwhile, has disappeared from everyone’s radar screen. (Yes, the “iPad Mini” is coming, but that’s viewed as derivative version of the iPad.) If news begins to leak that Apple’s going to roll out the iTV later this year or early next, investors might get excited again. Otherwise, it’s buy-the-rumor, sell-the-news, and everyone’s selling the news.
- The iPhone 5′s initial sales were disappointing. The first weekend’s sales number, 5 million, was significantly worse than the “worst case scenario” put forth by Wall Street’s top Apple analyst. Whether the problem was flaccid demand or, more likely, supply problems, the number was well below expectations. And the disappointing launch sales likely mean that Apple will post lousy overall iPhone sales for the September quarter.
- Supply problems (and, possibly, demand problems) are creating concerns about iPhone sales in the December quarter. The consensus “whisper” estimate has been that Apple will sell more than 50 million iPhones in the December quarter. A month ago, most people regarded this estimate as conservative. Now, given ongoing reports of manufacturing and supply issues, as well as the percentage of would-be iPhone 5 buyers who are under contract with carriers and therefore can’t upgrade yet, it would not be surprising if investors were beginning to worry that Apple won’t hit the 50 million number for the December quarter.
- Longer-term, increasing competition, maturing markets, and pressure on Apple’s extraordinary profit margin may become bigger concerns. Apple’s competitors have now arguably caught up with the iPhone, or at least gotten close enough that the differences between brands are only important to tech snoots. Some of the biggest smartphone markets, meanwhile, including the US, have passed the halfway point in terms of penetration, which is the point at which growth usually starts to slow down. These factors and others could begin to put pressure on Apple’s astounding profit margin. Companies can continue to grow profits when their margins are declining, and, ultimately, stock prices can follow this profit growth, but stocks don’t generally go up when margins are dropping.
OIL SHOCK: US ECONOMY IS COMING TO A SCREECHING HALT!
GAS DOOM: DIESEL OFFICIALLY HIT $6.00 in California… Watch nation come to screeching halt!
Diesel SHOULD be cheaper. It is less refined than Gasoline.
You can take crude oil… heat it and Diesel will “come out” of the sludge all on it’s own. Watch the truckers who keep this nation in motion stop dead in their tracks.
I know supply and demand… but no deliveries will make fuel
even more expensive.
No word yet… from any media… but $6.00/ Gallon for Diesel means truckers will have to pay extra money for the privilege of delivering fuel and good. As in they will actually pay out of pocket for each mile versus make money for each mile.
Also, understand that loads often have pre-negotiated pricing. Added fuel costs aren’t figured in that price.
California is experiencing:
Budget Shortfalls
High Unemployment
Pensions Problems
Cities Filing For BK
Now Gas Shortgage
Watch Oil Prices For Clues The Next Recession Is Starting
At this point, watch the price of oil if you want to know when the next recession is going to begin. As I’ve pointed out many times in the past, recessions (well, at least since World War II) have all been preceded by a sharp spike in the price of energy.
Any move of 100% or more in a year or less, has historically been the straw that breaks the camel’s back. Modern economies cannot survive that kind of shock. It invariably triggers the collapse of…
California Gas Crisis Is Be Spreading To Other States
Calif. jump pushes gas prices over Hawaii’s
HONOLULU (AP) — A 20-cent jump overnight in California gas prices has put the state ahead of Hawaii for the nation’s most expensive gas.
AAA’s Daily Fuel Gauge report says Cailfornia’s average price for regular gas across the state is $4.49 a gallon. In Hawaii, it’s $4.41….
EURO SHOCK: EUROPE Is Now In A Completely Unmanageable Situation, EURO IS DESTROYED DOLLAR TO FOLLOW CHINA GOLD BACKED YUAN
The reason gold and silver have stopped climbing isnt dollar strength or because of the apple stock. The markets are heavily manipulated and for gold and silver to be seen going sky high (which they should be) would show serious flaws in our ponzi scheme wall st markets. it is in jpm best interest to keep silver down below $36 an ounce so you see the pause at $35 multiple times before they smash it back down with illegal naked shorts. Silverdoctors.com for more info
Just like before, rising gas/oil, sucks the life out of the economy. We’re in a jam, any improvement in the economy sends oil up over night. Economy slows or stops, oil drops back very slowly, economy slowly moves forward again. $4.00 gas stopped us in 2007, and here we are again. One difference, in 2007 oil was trading at $140 a barrel, now trading at $90. gas should be down to $2.00
Yes – Gas should be at $2.00 but we have to pay for their capital investment in the arctic they’re about to crack the planet in half with.
Diesel in the UK is $12 a gallon and rising !,
Imagine if that happened in the US?