Sunday, July 26, 2015

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: 
Step 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