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Well that escalated quickly...
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Can we not arrest short sellers as they do in China?
Or, at least, hack their Ashley Madison accounts?
Never fear, crApple will save the day.
Called the bottom again?
bottom girl from Ashley Madison. Fixed it.
Interestingly UVXY (2x vix ETF) is flat while the VIX is up 6%
Unpossible!!
Where are the circuit breakers? This is unacceptable!!
Amazon is operating in a cash burn mode. Media can continue painting lipstick on a pig, the truth will come out soon.
You can do amazing things with creative bookkeeping. Now lets see them do it for the next three quarters......
How many industries is Jeff Bezos going to have to take over before people give him some love on ZH? First booksellers, next all of non-boutique retail. Including grocery. The next crash is going to weed out a huge swath of brick and mortar businesses and Amazon's taking that marketshare. Watch. Commercial real estate is going to get gangbanged like $2 tail in Juarez City.
The longer a drug addict uses - the higher his tolerance level becomes. He needs more and more 'hits' over shorter and shorter periods of time to get that high. No different from what the markets are experiencing. Eventually all addicts succumb - organs fail and they die.
This is an easy fix. Biogen just needs to announce that Amazon will be delivering there Alprolix via Prime Drone delivery. That should blow a little air back into the bubble.
A down day? WTF? I'm surprised the "market" hasn't broken yet and the NASDAQ hasn't cried out for self help.
Amazon Drone Fleet will be placed up for sale on ebay.
/lol
You'd think the Amazon results would be great for Ebay since everything is cheaper over there.
But only in a rational world...
and in a world under the rule of law as opposed to the rule of man
Leveraged short the QQQs again, think we could break a bit below the lows of the past few days, though low volume, and potential RUT 150 DMA bounce, could make for a rough and/or disappointing ride.
Took profits at target, perhaps a bit early, but RUT's at the lower Daily Keltner and 150MA, so a 'sympathy' bounce in other indices is possible, and I don't see volume suggestive of a huge selloff. Good luck to other traders out there.
Crude hit $47 handle
How long do you suppose it will be before the Fed rams the USDX to 50? I bet their office smells like fear and pit oder. Maybe even some vomit.
Exact same move on CAC and DAX this afternoon. Same time. Same market.
Any investor or hedge fund that buys into AMZN now at this price is a damn fool. They are assuming that Amazon will turn a profit in the future, but it's obvious that a recession is coming, so I don't know where people get this idea that Amazon's earnings (which are negative per share!) will somehow increase in the short term, or even in the long term. It's like the hedge funds don't know where to invest their money so they put it in whatever is going up. I wouldn't be surprised if some of the money from the BIIB selloff is going into AMZN just to turn a quick profit on a pump-and-dump.
BIIB is a great company for long term investment. I am betting that Biogen will be able to create breakthrough drugs that make a lot of money more than I am willing to bet that Amazon will be able to sell a lot of stuff to future poor people.
I would respect Hillary Clinton more if she WAS NOT a fan of Chipotle! Bandwagon jumper.