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Twitter (Re)Enters Bear Market

Tyler Durden's picture




 

For the second time in its brief life as a publicly-traded stock, the latest exhibit in 2013's FOMO meme has hit a bear market. At $59.78, Twitter has dropped 20% from its all-time high and must - must - be a bargain here?

 

 

It seems the fast-mony has greatly rotated from TWTR to CROX +14% (buying on the back of Blackstone's 'investment' in preferreds which could highly dilute the current common stock)...

 

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Mon, 12/30/2013 - 10:37 | 4284982 Debtonation
Debtonation's picture

I don't understand why it hasn't hit 0 yet.

Mon, 12/30/2013 - 10:46 | 4284992 Headbanger
Headbanger's picture

Oh no, not those Crocs queer clown shoes again!!  Agggghhh!! 

Mon, 12/30/2013 - 11:07 | 4285026 Colonel Klink
Colonel Klink's picture

Blackcock decided to buy them.  I hope everyone stops buying them and they lose their ass.

Pretty gay looking shoes to me.

Mon, 12/30/2013 - 13:50 | 4285706 MillionDollarBogus_
MillionDollarBogus_'s picture

Facebook getting close to $60 per share...

Mon, 12/30/2013 - 11:07 | 4285029 NoDebt
NoDebt's picture

I'm no fan of them either, but at least they MAKE SOMETHING.  What's Twitter make (other than Carl Icahn richer)?

 

Mon, 12/30/2013 - 11:10 | 4285030 Colonel Klink
Colonel Klink's picture

Uh you mean Crocs are made in Canada and Mexico, so who makes something?

Twitter makes idiots and zombies.  And those are made by the millions around the world, much in the the US.  Which seems to be our primary product.

Mon, 12/30/2013 - 11:15 | 4285036 NoDebt
NoDebt's picture

How else is Mexico going to equal our high standard of living unless with let them build our stuff?  Surely not by lowering our own standard of living.  Surely not.

 

Mon, 12/30/2013 - 11:14 | 4285042 Colonel Klink
Colonel Klink's picture

That would Nevah happen!

Crocs are made in a variety of styles. They are usually manufactured in Crocs facilities in Canada and Mexico, and contract manufacturers in Italy, Romania, Bosnia and Herzegovina, Vietnam and China.

Mon, 12/30/2013 - 11:35 | 4285090 samcontrol
samcontrol's picture

I have three pairs of crocs each with a specific use.

 I guess i do have a guy shoe problem ,. and intend to go to SA meetings. just kidding no meeting more shoes :)

 

 

Mon, 12/30/2013 - 11:24 | 4285052 VD
VD's picture

TWIITER FYI helps make this very place where YOU comment DAILY.

but how would you know that sitting exclusively here at the 'hedge all day and trashing shit you know nothing about¿¿¿

Mon, 12/30/2013 - 11:24 | 4285067 Osmium
Osmium's picture

Wait, TWTR invented the internet?  I thought that was Al Gore?

Mon, 12/30/2013 - 11:32 | 4285071 VD
VD's picture

AND ZEROHEDGE'S TWITTER FEED IS MOST EXCELLENT AND ROUNDS OUT THIS SITE QUITE NICELY. but you wouldn't know that bc you think you already know everything...

 

i guess 'making something' like ignorant comments is better than anything¿¿¿ and NO i don't think TWITTER is worth more than, say, $15 a share, but i don't think the S&P is worth even 800 when QE is removed from equation.

Mon, 12/30/2013 - 11:31 | 4285085 Osmium
Osmium's picture

I admit that I don't know everything, but what I don't know, my brother knows.

Mon, 12/30/2013 - 11:35 | 4285089 VD
VD's picture

unless your bro is NoDebt, i wasn't referring to him nor you...

Mon, 12/30/2013 - 11:12 | 4285038 Crash Overide
Crash Overide's picture

"I don't understand why it hasn't hit 0 yet."

 

If you are reffering to revenue then it already has...

Mon, 12/30/2013 - 11:22 | 4285063 monkeyboy
monkeyboy's picture

twitter #worthless #dotcom2.0 #itsnofacebook #myspacewhatsthat?

Mon, 12/30/2013 - 13:02 | 4285413 ZH Snob
ZH Snob's picture

twitter is aptly named.  it reflects the flighty and capricious nature of its average user.  it's just perfect for the distracted with a short attention span.

Mon, 12/30/2013 - 12:48 | 4285426 rubiconsolutions
rubiconsolutions's picture

"Revenue? We don't need no stinking revenue"

Mon, 12/30/2013 - 10:48 | 4284991 Agent P
Agent P's picture

CROX?  Seriously?

Mon, 12/30/2013 - 10:49 | 4284996 Cursive
Cursive's picture

@Agent P

Momos don't even know what CROX sells (or doesn't sell).

Mon, 12/30/2013 - 10:50 | 4284993 yogibear
yogibear's picture

The DOT COM mania transitioned into the  social media mania.

Mon, 12/30/2013 - 10:53 | 4284998 Dr. Engali
Dr. Engali's picture

Crox.....LOL that momo stock was dead long ago.

Mon, 12/30/2013 - 10:53 | 4285000 orangegeek
orangegeek's picture

S&P500 down 1.3 - it's 952a - another volatile day.

 

 

Mon, 12/30/2013 - 10:57 | 4285004 Downtoolong
Downtoolong's picture

Wasn’t TWTR supposed to get into the S&P500 before this happened, so that every 401k investor with an index fund would be forced to buy at the peak (aka structural market extortion)?

Oh wait, that’s Facebook.

Never mind.

Mon, 12/30/2013 - 11:01 | 4285018 Lendo
Lendo's picture

What a Crox of shit

Mon, 12/30/2013 - 11:05 | 4285022 bwh1214
bwh1214's picture

I think the most telling chart about the stock market and it's vendibility to a crash is the margin debt.  It is at the highest point ever, the only times that were close were 2000 before the crash and 2007 before the crash.  Not sure of the data in 1929 but I know that borrowing to buy stock was one of the major causes.  Markets are much more susceptible to crash when they are levered, and all markets, housing, stocks, and bonds are all levered up due to the cheap credit created by the fed.

http://www.profitconfidential.com/wp-content/uploads/2013/12/Margin-Debt-On-New-York-Stock-Exchange-Chart.jpg

Here’s a good quote from Mises that I whole heartedly believe.

"There is no means to avoiding the final collapse of a boom brought on by credit expansion. The alternative is only whether the crisis should come sooneras a result of voluntary abandonment of further credit expansion, or later as a final total catastrophe of the currency involved”

The only question is whether the fed will destroy its only product, the US dollar, or allow a crash of the system.  Unfortunately the inevitable result will be a reset either way.  

 

Mon, 12/30/2013 - 11:12 | 4285031 NoDebt
NoDebt's picture

Vendibility?  Don't know what that means, but I like it.

Mon, 12/30/2013 - 11:17 | 4285047 bwh1214
bwh1214's picture

lol auto correct, gota love it.  Try

Vulnerability  

Mon, 12/30/2013 - 11:12 | 4285035 cnmcdee
cnmcdee's picture

I looked at that chart and the repeating pattern is there is this *last* push of euphoric margin debt (spikes at the end of the bubble.) As in all charts anything that goes 'parabolic' reverses.  As soon as you recognize this - we still require the 'parabolic ramp' on this last 'super margin bubble.'

Which puts it squarely into about say March - August of 2014.

Israel is going to start a war in the spring with Iran, you can pretty much bet your bottom dollar.  The play then will be a sudden spike in oil prices to the $180 /barrel mark.  At that price the current economic structure of North America has to shift to local production (aka it's cheaper to pay someone to grow a tomato here, than to import it from slaveland of Mexico).  Walmarts, WalGreens and all the big block dealers will take the hit in repercussion.

People are going to get fed up with it all - I'm long on bicycles.

Mon, 12/30/2013 - 11:31 | 4285076 bwh1214
bwh1214's picture

I'm not going to touch the war issue, I have no clue.  But as far as equity markets, I believe that if the fed can successfully keep sending QE cash to the markets (unlikely with further taper) and the people buying stocks on margin don't get spooked the market can continue to rise.  Those are two really big "if's" that have to continue and I don't see it happing much longer. My investments, barring my 401k, are in gold silver and mostly cash right now.  I think there will be more buying/swap out opportunities with cash before it's value is compromised, though that's coming too hence the PM's.

Mon, 12/30/2013 - 12:15 | 4285266 ElvisDog
ElvisDog's picture

Yawn. Another "Israel will start a Middle East war ...." prediction. If I had bet even $100 every time I have read that prediction on ZH over the past 4-5 years I would be broke.

Mon, 12/30/2013 - 12:20 | 4285304 Clowns on Acid
Clowns on Acid's picture

Yeh why would Isreal start a Middle East war? Most Isrealis have a US or Euro 2nd passport. They would simply come to 'Merica instead. 

Mon, 12/30/2013 - 11:09 | 4285028 Colonel Klink
Colonel Klink's picture

Twitter cratering because iCON didn't tweet over the holidays.  Must be the hanukkah blackout.

Mon, 12/30/2013 - 11:14 | 4285044 philosophers bone
philosophers bone's picture

Is Twitter still tracking with Tweeter Home Entertainment?  New Years bonus chart?

Mon, 12/30/2013 - 13:48 | 4285700 NotApplicable
NotApplicable's picture

Can you find a better derivative?

Mon, 12/30/2013 - 12:12 | 4285255 adr
adr's picture

FUNDAMENTALS!!!

Mon, 12/30/2013 - 12:16 | 4285286 GumbyMe
GumbyMe's picture

Twitless crocs.

Mon, 12/30/2013 - 12:36 | 4285361 El Hosel
El Hosel's picture

20% just takes  a few days in the new normal... ( Two days for twitter ) if I re-enter my wife that often I am on a good run, wouldn't call it a bull market though.

Mon, 12/30/2013 - 13:31 | 4285630 q99x2
q99x2's picture

The Criminal Federal Reserve got your back.

HaHaHaHaHa Ha.

Mon, 12/30/2013 - 13:55 | 4285739 22winmag
22winmag's picture

Delist that mother!

Mon, 12/30/2013 - 14:20 | 4285815 Make_Mine_A_Double
Make_Mine_A_Double's picture

Really Crox? Maker of gay plastic/rubber shoes for toddlers and earth tards?

Looks like manipulation ala' Herbalife. A completely useless comsumer decrestionary stock going to the moon. Gee I wonder whose taking the plunge and bidding it up?

 

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