All Ponzi schemes end when they run out of dumbfucks...
New lows are exploding on the NYSE...
Breadth is worst since August:
The iPhoney era is over:
Apple and its supplier "ecosystem" are getting pole axed as the number of people willing to pay $1,000+ for a dumbphone, has been tapped out:
"Apple shares are dropping Monday after a report that the company ordered a drastic cut in iPhone X production.
Nikkei reported Monday that the tech giant told its suppliers to reduce iPhone X production to 20 million units for the first quarter from the more than 40 million units target Apple gave in November"
A 50% haircut in the flagship product is a disaster for the world's largest company by market cap:
A handful of large caps still holding out, but otherwise, the broader tech sector is corrective off of the late November high:
China Tech is rolling over, volatility is rising:
Overnight risk is a tad high
New high, Goldman Sachs:
Who owns this joint anyways?
