The stock market “enjoyed” its biggest rally in 4 years on the great news that the economy is worse than expected. The recovery has been postponed until never, allowing gamblers access to 0% dopium forever. Oil fell below $39/bbl, but that’s beside the point. Everyone covered their shorts on the news, so this shit show can roll over now…The S&P […]
KA-CHING!!!Amid all of the fun and excitement we forgot to pause to remember the latest generation of Etraders just cashed out by Wall Street. Yesterday:In other words, Social Mood just got monkey hammered by reality. Unlike Prechter who “believes” that social mood is the primary driver of everything. Reality IS the primary driver of everything. Slight difference. Reality doesn’t give […]
Momentum stocks are getting crushed. Another generation of Etraders has been fully monetized.Skynet has no one left to milk.IPOs are in free-fallThis morning they were back in 2014, now they’re almost in 2013. They lost a year of gains since this morning…World’s largest IPO (Alibaba)…2nd largest failed IPO (Twitter):Netflix – 8%:The Biotech rally is over…Revenueless BiotechThe top performing IPO for […]
This week the casino got monkey hammered. While the last holdouts went parabolic…FANG:Wall Street’s latest acronym is Facebook, Amazon, Netflix and Google. The whole world is falling apart, but the good news is that Amazon finally made a microscopic profit by selling cheap shit over the internet. Their trailing profit margin is -.2%. I’m not making this shit up. And […]
