Shanghai Surprise: Another Bubble Bursts

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 you know you’re running out of fumes when Netflix is considered a core holding…

Before we get to FANG, the real news was Apple getting shellacked on a weak earnings report…

I will go out on a limb and say that this is a top 6 months in the making…

Presenting FANG: The four horsemen of the 2015 Tech-Apocalypse…

Faceplant…aka Icarus…

Amazon:

Gapped up 20% this past Friday, gave half back by close…


Netflix: No bubble here…

Google, July 17th:

How to give your stock the largest one day market cap gain in world historyStep 1) Hire Morgan Stanley CFO
Step 2) Use the word “discipline” during a conference call

The stock has already given half of the gain back since last Friday, since it was just human history’s largest short-covering rally…

Biotech got monkey hammered -4% on Friday, mostly due to Biogen getting CYNK’d -22%:

IPOs peaked in May
Revenueless Biotech is getting “repriced”



The Russell Dow Ratio has peaked: RISK OFF

The Nasdaq’s 3-std deviation manic overthrow is now getting CYNK’d back to reality

Nasdaq 100 with % of stocks above 200 Day moving average…

Amid the silent screams of another generation of Etraders getting Shanghai’d into fucking oblivion

This article:

Shanghai Surprise: Another Bubble Bursts

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