Friday, 22 January 2016

1pm update - the bullish hysteria continues

US equities continue to battle for a weekly close above the sp'1900 threshold. Meanwhile, on clown finance TV, there is further coverage of hyper-bullish targets for AAPL. It remains incredible that just 48hrs ago, most of the same people were on suicide watch.


AAPL, monthly


We're clearly going to close net higher today, the only issue is whether 1890s... or >1900.  Frankly, it makes no difference for those with eyes on the bigger picture.

As for AAPL....

Munster of 'Piper Jaffray' touting AAPL 140/150$ by September.

I've seen some crazy calls on clown finance TV across the last few years, but that is one of the top 3 in the league of crazy.

Will they drag that guy on in a few months if AAPL is in the 80/70s? Or will he be hiding in a cupboard somewhere?

stay tuned