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MOMO OH NO

Tyler Durden's picture




 

Presented with no comment:

  • TWTR -43% (from highs)
  • Pandora -30%
  • NFLX -25%
  • AMZN -22%
  • FB -20%
  • Biotech -17%

 

Biotechs now unchanged in 2014 and biggest drop in 6 months...

 

Charts: Bloomberg

 

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Fri, 04/04/2014 - 11:56 | 4625054 NOTW777
NOTW777's picture

quite the reversal - near term top? - took profits in strong energies

Fri, 04/04/2014 - 11:58 | 4625067 camaro68ss
camaro68ss's picture

O yes, there is a God. I want to see these bitchez tank.

Fri, 04/04/2014 - 11:59 | 4625077 fonzannoon
fonzannoon's picture

Look at that again and realize the fed managed to pop the momo bubble while at the same time managing to keep the almighty S&P right on course. Then stand back in fucking awe.

Fri, 04/04/2014 - 12:03 | 4625088 Skateboarder
Skateboarder's picture

I didn't get the memo that we were taking 10B / 50B / 100B fake valuations and 'lows' from previous [IPO-generated] "highs" seriously.

Fri, 04/04/2014 - 12:04 | 4625090 inky
inky's picture

somebody pinch me i must be dreaming

Fri, 04/04/2014 - 12:17 | 4625126 Dr. Engali
Dr. Engali's picture

I agree Fonz. I just had the exact same conversation with a client today. They pop the momo bubble and they keep a lid on silver and gold while keeping the S&P fairly stable. Freaking amazing.

Fri, 04/04/2014 - 12:30 | 4625212 gmrpeabody
gmrpeabody's picture

I recently added some AGs to the portfolio (after they were pounded into the ground ((pun)) the last time)..., they're still going up.

Fri, 04/04/2014 - 12:31 | 4625219 eclectic syncretist
eclectic syncretist's picture

It ain't over yet.  Especially with a nice scapegoat in place.  Anyone who thinks NFLX, FB, and AMZN are now fairly valued hasn't been around the block yet.

Fri, 04/04/2014 - 12:13 | 4625128 Al Huxley
Al Huxley's picture

Never seen anybody let the air out of HALF of a bubble before - they must be magicians or wizards.

Fri, 04/04/2014 - 12:16 | 4625137 Bearwagon
Bearwagon's picture

Right, that's how it unfolds ... slowly at first ...  and then with thunderous applause!

Fri, 04/04/2014 - 13:18 | 4625418 asteroids
asteroids's picture

QQQ is only down 5%. Wake me up when it's down 15%. This is a controlled sell off. NO volume or volatility. Be very very very careful. Stay the hell in cash if you can.

Fri, 04/04/2014 - 12:37 | 4625246 Himins
Himins's picture

It's like watching parents, that get along!

Fri, 04/04/2014 - 12:01 | 4625081 chemystical
chemystical's picture
  • TWTR -43% (from highs)
  • Pandora -30%
  • NFLX -25%
  • AMZN -22%
  • FB -20%
  • Biotech -17%
  • BTC - 66%
  • Needed to add one more dump n pump n hump to the list...it's been a while since "Tyler" posted a Btc article

    Fri, 04/04/2014 - 12:04 | 4625091 Skateboarder
    Skateboarder's picture

    Obviously, because rule #1 of BTC is "don't question volatility."

    Fri, 04/04/2014 - 12:12 | 4625122 TPTB_r_TBTF
    TPTB_r_TBTF's picture
    • Gold -32%
    • Silver -58%
    Fri, 04/04/2014 - 12:15 | 4625135 Payne
    Payne's picture

    Good point Gold paper contracts and silver paper contracts are off.  Now try and get my physical gold from my hands I don't care what the paper is worth.

    Fri, 04/04/2014 - 13:04 | 4625360 LawsofPhysics
    LawsofPhysics's picture

    Want to see someone's head explode?  Go ask the average kesian/liberal fuck what the "price" of something is that they need in order to survive, but that everyone refuses to sell...

     

    Fri, 04/04/2014 - 11:56 | 4625056 NOTW777
    NOTW777's picture

    small bio s are getting murdered

    Fri, 04/04/2014 - 11:57 | 4625062 playnstocks
    playnstocks's picture

    3:30 ramp capital ... get ready!

    Fri, 04/04/2014 - 12:10 | 4625111 irishlink
    irishlink's picture

    Do not forget Cramers Mad money pick WPRT - 80% FROM HIGHS.  nat gas not impressing anymore? 

    Fri, 04/04/2014 - 11:58 | 4625068 Flounder
    Flounder's picture

    But, there's a V recovery coming real soon always.  Isn't there? Right?

    Fri, 04/04/2014 - 11:59 | 4625075 playnstocks
    playnstocks's picture

    I can see it from my house.....

    Fri, 04/04/2014 - 12:06 | 4625097 pigs-n-space
    pigs-n-space's picture

    No thats Russia you see From your house

    Fri, 04/04/2014 - 11:59 | 4625070 buzzsaw99
    buzzsaw99's picture

    all of them are still way freaking over valued

    Fri, 04/04/2014 - 11:59 | 4625072 Smegley Wanxalot
    Smegley Wanxalot's picture

    And every one of them is still massively overvalued.

    Fri, 04/04/2014 - 12:14 | 4625129 Bernoulli
    Bernoulli's picture

    at least 10 times overvalued. but maybe more like 50 times (ehm... in what currency do we measure?)

    Also I just saw the CEO of grubHub (GRUB) on CNBC. Hilarious. He had this big smile on his face like a school boy, explaining why his business model is so great and what not (of course i understand that he was happy for HIMSELF). They basically coded a website to order food online from small restaurants? Wow. A fucking revolution. Totally amazing. Currently 40% up on the day.

    And then, just a bit later Opower (OPWR). Cloud based software for utilities. He was asked if they would basically use their software as a "trojan horse" to get all the data of the private consumers. And he was like "Yes absolutely. That is correct" and then going on like how great his idea was. wtf? Currently up 20%.

    Were any of those people buying into these kind of IPO's alive in 1999 and 2000? I don't think so. So how old are those people?

    Fri, 04/04/2014 - 12:44 | 4625271 adr
    adr's picture

    Hi, what does your company make?

    Nothing really, we borrowed some code from a website and market it like a new service.

    How much money do you make?

    Well we have revenue, but we don't make a profit.

    How much money is your company worth?

    $2.4 billion

    AMAZING!!!!

    Fri, 04/04/2014 - 15:26 | 4625995 ReactionToClose...
    ReactionToClosedMinds's picture

    no ....surreal....this is as surreal a global capital markets scenario as I've ever seen.   Makes the dotcom NASDAQ bubble overall seem sane.....but nary a caution anywhere in our 'news' media (and why would Brian Williams say anything when he thinks he is getting richer by the day ... just think of all the kerchiefs he can insert in his suit pocket...).

    just like young people can't get enough of the  Affordab;e Care Act..........

     

    Fri, 04/04/2014 - 12:48 | 4625285 Frank N. Beans
    Frank N. Beans's picture

    obviously smegley and buzzsaw are mind-melded in time and space

     

    Fri, 04/04/2014 - 11:59 | 4625073 Kaiser Sousa
    Kaiser Sousa's picture

    clearly the equities of all these companies that produce absolutely nothing of real value r screaming buys at these attractive debt coupon dollar valuations.....

    did i win something???

    Fri, 04/04/2014 - 12:10 | 4625112 CrimsonAvenger
    CrimsonAvenger's picture

    An anchor chair on CNBC?

    Fri, 04/04/2014 - 12:01 | 4625074 LawsofPhysics
    LawsofPhysics's picture

    Ha ha...  (pointing finger)

    that is all...

     

    Wake me when they are "fairly priced" at zero, then I might be willing to take another look at their business model.

    Fri, 04/04/2014 - 12:00 | 4625080 FuzzyDunlop21
    FuzzyDunlop21's picture

    Not even halfway there

    Fri, 04/04/2014 - 12:01 | 4625082 Squid Viscous
    Squid Viscous's picture

    maybe someone will finally take cramer out, lead pipe in the parking lot... just a thought

    Fri, 04/04/2014 - 12:11 | 4625083 Mesquite
    Mesquite's picture

    Maybe I should not have put in that skunk bid...

    Fri, 04/04/2014 - 12:05 | 4625093 yrad
    yrad's picture

    Buy!!

    Fri, 04/04/2014 - 12:07 | 4625100 Rainman
    Rainman's picture

    Somebody musta yelled Fire !! in the Hedge Fund Hotel.

    Fri, 04/04/2014 - 12:11 | 4625120 irishlink
    irishlink's picture

    lots of shredding and destruction of files going on as we speak!

    Fri, 04/04/2014 - 12:07 | 4625104 madbraz
    madbraz's picture

    TD Ameritrade and probably a few other brokers pulling the plug on HFT (order flow revenues).

     

    So we have the NY FED, primary dealers, algos and HFT supporting this illusion.  Let's see how much it falls when one of the pillars is severely cramped.  Maybe a 10% correction to begin with.  Lots of heavy lifting by the NY FED needed.

    Fri, 04/04/2014 - 12:09 | 4625107 dobermangang
    Fri, 04/04/2014 - 12:10 | 4625110 Kaiser Sousa
    Kaiser Sousa's picture

    where's Mortimer?

    Fri, 04/04/2014 - 12:13 | 4625121 walküre
    walküre's picture

    Can Tylers identify who shorted these and how well they're doing? Probably the same hedgies and IBs that got their clients to keep buying all the way to the top. Wall Street is a small zip code. Collusion to make a buck and skim the muppets is on the menu every fucking day.

    Roundtrip on TWTR is beautiful. Almost like art.

    Fri, 04/04/2014 - 12:16 | 4625136 centerline
    centerline's picture

    HFT's gone wild!  Angry bots!

    Fri, 04/04/2014 - 12:18 | 4625144 NDXTrader
    NDXTrader's picture

    I love the smell of margin calls in the afternoon. I really hope the HFT are going to make a show of force and take this bitch down with them. That might make some people back off

    Fri, 04/04/2014 - 12:19 | 4625147 Bernoulli
    Bernoulli's picture

    Nasdaq currently down 2.2% and CNBC headline is "March jobs report just-right mix"
    LOL. Ha ha! This is just too funny. I'm choking on my popcorn because I'm laughing so much. Quickly need to wash it down with beer.

    Fri, 04/04/2014 - 12:22 | 4625157 NDXTrader
    NDXTrader's picture

    Nothing like a 15 point bounce in 2 minutes. I'm sure that was human

    Fri, 04/04/2014 - 12:40 | 4625211 Emergency Ward
    Emergency Ward's picture

    TWTR flying high, P emerging, NFLX streaming up, AMZN with huge move, FB spying a new breakout.....

    Fri, 04/04/2014 - 12:23 | 4625167 NDXTrader
    NDXTrader's picture

    TPTB will do anything to hold the 100 day on the Nasdaq. It's guided this turd all the way up

    Fri, 04/04/2014 - 13:03 | 4625358 scubapro
    scubapro's picture

      its contained.   the weakness in biotech, tech, ipo's, shouldnt spread to the larger market, its just a rotation.   carrry on, and dont forget BTFD.  /sarc natch

    Fri, 04/04/2014 - 13:06 | 4625366 SpasticGramps
    SpasticGramps's picture

    Woohoo. The Momo killing fields. Die Bitchez.

    Fri, 04/04/2014 - 13:06 | 4625369 Downtoolong
    Downtoolong's picture

    FaBookAmazaGoogaTweeTesFlix!!!!

    Fri, 04/04/2014 - 13:40 | 4625498 Squid Viscous
    Squid Viscous's picture

    they have all been merged into one ticker symbol: KBOOM

    Fri, 04/04/2014 - 13:22 | 4625435 NuckingFuts
    NuckingFuts's picture

    If you twitter myspace I'll google all over your facebook

    Fri, 04/04/2014 - 13:40 | 4625499 joego1
    joego1's picture

    Hangover N..... Oh my god I bought what? Twitter?? and tatooed it on my ass too???

    Fri, 04/04/2014 - 13:47 | 4625520 piss pants
    piss pants's picture

    Don't forget to add Pricline to the list

    Sat, 04/05/2014 - 15:31 | 4628438 franciscopendergrass
    franciscopendergrass's picture

    RISK OFF BITCHEZ

    Do NOT follow this link or you will be banned from the site!