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Nasdaq Plunges As AMZN Dump Destroys AAPL/FB Pump

Submitted by Tyler Durden on 04/25/2014 10:14 -0400

Well that didn't take long... for now USDJPY 102 is the US equity market's best friend. Only the S&P 500 is green for the week now as Nasdaq's gains from AAPL/FB are wiped away by the 10% plunge in AMZN.

Nasdaq's big bounce on AAPL/FB has gone... again...

102.00 USDJPY is all that matters...

Amazon is now down almost 10%!

Charts: Bloomberg

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Fri, 04/25/2014 - 10:17 | 4695075 spastic_colon

what time is self help again?

Fri, 04/25/2014 - 10:20 | 4695091 fonzannoon

If I were ZH I would immediately put out "Nasdaq retraces all losses and eclipses post aapl highs, amzn turns green" because it's the obvious next move.

Fri, 04/25/2014 - 10:24 | 4695099 Ignatius

A true cynical ZH warrior.

Fri, 04/25/2014 - 10:57 | 4695215 Groundhog Day

i'm optimistic, i aint putting away my 1900 spx hat away just yet. i'm CONfident in the 3:30 headline that the russian/ukraine situation is resolved and that unicorns are free to fly over europe without being harmed

Fri, 04/25/2014 - 10:21 | 4695094 buzzsaw99

bernankenstein's monster

Fri, 04/25/2014 - 10:24 | 4695101 valley chick

IMO this has a long way to go for a "plunge".

Fri, 04/25/2014 - 10:26 | 4695111 mayhem_korner

Hope there's no shortage of yen-printing-ink.

Fri, 04/25/2014 - 10:28 | 4695119 short screwed

Quick Janet, we need a press conference announcing moar accommodation for a moar longer time.

Fri, 04/25/2014 - 10:33 | 4695129 Seasmoke

What happens when it breaks 101 !!!

Fri, 04/25/2014 - 11:00 | 4695233 slaughterer

BTFDers beware today. Today is the Wiley E. Coyote moment.

Fri, 04/25/2014 - 11:36 | 4695379 WarHorse

Appl trading positive now ... this mkt is an absolute joke

Fri, 04/25/2014 - 12:45 | 4695803 Nobody For President

appl up a whoooping .12%, amzn down a trifling 8.77% at the moment.

Fri, 04/25/2014 - 13:24 | 4696038 earleflorida

'Once the intoxication of the granny-apple`hard-cidar wares off -- brought upon by massive dilution-- the drunken-investor will sober up to reality... that all apple was, was a bottled-up-boone's farm with the doors wide open and not a creature to stir inside?'

short the fuck out of this baby

jmo

Fri, 04/25/2014 - 15:35 | 4696742 Flying Wombat

Dave Kranzler: Here’s Why Amazon.Com Stock Is Getting Ripped Today: http://thenewsdoctors.com/?p=144487

Fri, 04/25/2014 - 22:44 | 4698030 AdvancingTime

Amazon forecast it may lose up to four times what it made in this quarter in the next. Seriously? Just how did Amazon "satisfy" its current stock valuation? I don.t understand how they continue to give it a pass. Words like "evolving" are used to describe Amazon's business model, a better word might be undefined. Regardless Amazon rolls on. Pointing towards gaining synergy as they continue to buy companies, some unproven.

The revenues from these companies add to their growth but still no profits exist. Does this growth mask a weakness at their core? If they are indeed a distribution company their stock should be trading at around 18 times earnings. When you look for a P/E ratio on Amazon you find NA because the company makes no money. Another key weakness is that new competition can now cheaply and easily replicate the most profitable parts of Amazon and cherry pick much of their future potential. More in the article below.

http://brucewilds.blogspot.com/2013/10/amazon-not-answer.html

Nasdaq Plunges As AMZN Dump Destroys AAPL/FB Pump

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