Amazon, Tesla Tumble Into 10% Correction As FANTAsy Stocks All Red In 2016

Tyler Durden's picture




 

Well that escalated quickly...

Facebook, Amazon, Netflix, Tesla, and Alphabet... all red...

 

But but but #NetflixEverywhere!!??

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Thu, 01/07/2016 - 13:52 | 7012380 Soul Glow
Soul Glow's picture

Remember this?

Flash Crash May 6th 2010 -

https://www.youtube.com/watch?v=WrxlVjZJawQ

Thu, 01/07/2016 - 14:00 | 7012405 hedgeless_horseman
hedgeless_horseman's picture

 

 

Simon Potter was back doing his same old levitation thing on The Street at 1:44 today.

Thu, 01/07/2016 - 14:01 | 7012439 Bastiat
Bastiat's picture

Funny, you can see the table, no doubt braced on his hips with shoulder straps under his jacket.

Thu, 01/07/2016 - 14:20 | 7012519 hedgeless_horseman
hedgeless_horseman's picture

 

 

I don't know what you are talking about.  I only see quality earnings growth, solid fundamentals, and dominate market share.

Thu, 01/07/2016 - 15:56 | 7013196 Lumberjack
Lumberjack's picture

I see the PPT propping her up.

Thu, 01/07/2016 - 14:48 | 7012779 starman
starman's picture

That's one hard dick there gentleman! Take note! 

Thu, 01/07/2016 - 14:06 | 7012478 zvzzt
zvzzt's picture

always and forever - got mauled pretty badly earlier in the day (was so bearish and lots of pushing and squeezing up the upside). Logged of for the days before the biog move came. Nonetheless, biggest smile on my face in many years - what a days that was.

Thu, 01/07/2016 - 14:16 | 7012530 Squid Viscous
Squid Viscous's picture

shows how it was a panic sell-off not just a "flash crash" or "glitch" so as to be dismissed.

was trading at a prop shop that day, the risk guy locked himself in his office, after closing everyone out close to the low print, of course... i was trying to calm guys down from breaking his door down and beating him to a pulp

Thu, 01/07/2016 - 14:16 | 7012550 Consuelo
Consuelo's picture

Was that the Kentucky Derby...?

 

Thu, 01/07/2016 - 14:23 | 7012599 Baldrick
Baldrick's picture

no. that was the day the senate was voting on a full audit of the fed.

Thu, 01/07/2016 - 14:27 | 7012627 hedgeless_horseman
hedgeless_horseman's picture

 

 

God bless you for remembering!

Thu, 01/07/2016 - 14:49 | 7012791 Baldrick
Baldrick's picture

I don't believe I will ever forget. That was the day that I KNEW wall street controlled congress.

Thu, 01/07/2016 - 13:56 | 7012401 Cangaroo.TNT
Cangaroo.TNT's picture

So from FANTAsy to FAT & NAsty?

Thu, 01/07/2016 - 14:23 | 7012597 Flatchestynerdette
Flatchestynerdette's picture

Wasn't that a song by Nelly?

Thu, 01/07/2016 - 14:25 | 7012608 herkomilchen
herkomilchen's picture

Isn't that what every married guy ends up saying?

Thu, 01/07/2016 - 13:56 | 7012402 besnook
besnook's picture

what is interesting is most of the stocks i watch have been in correction mode for months now and are actually forming bottom patterns(as have the commodities). only the fangs levitated. will this correction only affect the fangs?

Thu, 01/07/2016 - 13:58 | 7012423 KnuckleDragger-X
KnuckleDragger-X's picture

Somebody isn't following the script. Like Peter Pan said, you have to really, really believe in order to fly, but people are starting to notice the ground is a long way down......

Thu, 01/07/2016 - 13:59 | 7012425 moonmac
moonmac's picture

No worries Elon said if Tesla goes bankrupt he'll refund every single customer all lost resale values even if he goes completely broke doing it.

Thu, 01/07/2016 - 15:18 | 7012967 Automatic Choke
Automatic Choke's picture

Cool !   Elon is a hero.  Does that deal come with a fire-insurance policy?

Thu, 01/07/2016 - 17:37 | 7013839 J2nh
J2nh's picture

Why not, Elon will just use taxpayer money for the refunds.

Thu, 01/07/2016 - 13:59 | 7012429 Spungo
Spungo's picture

I still think Tesla is the most important stock in the US right now. You'll know the bull market is over when that fucker crashes.

Thu, 01/07/2016 - 14:02 | 7012444 imapopulistnow
imapopulistnow's picture

$85,000 autos tend not to sell as well when stock portfolios get crushed.

Thu, 01/07/2016 - 14:26 | 7012618 RobD
RobD's picture

Panasonic finally fessed up to how much they have kicked in for the Giga Factory. Funny quote from Mr. Tsuga "We are sort of waiting on the demand from Tesla," lol. He will be waiting a long time.

Thu, 01/07/2016 - 17:32 | 7013805 OzFan
OzFan's picture

Thanks for that.....knew nothing about the GIGA project.

 

Thu, 01/07/2016 - 14:01 | 7012438 Xatos
Xatos's picture

See, I told you guys yesterday to quit harping about the PPT because this one was going to be big... we have little prep time left.

Thu, 01/07/2016 - 14:07 | 7012469 Squid Viscous
Squid Viscous's picture

exploding cars and zero margin online retail, what's next - a streaming movie company hiding 15 billion in contractual liabilities off balance sheet?

Thu, 01/07/2016 - 14:43 | 7012746 Automatic Choke
Automatic Choke's picture

Elon sez, "we'll make it up in volume".

Thu, 01/07/2016 - 15:24 | 7013018 arbwhore
arbwhore's picture

"we're gonna need a bigger .gov grant"

Thu, 01/07/2016 - 14:17 | 7012511 Kaiser Sousa
Kaiser Sousa's picture

im buying these over valued "we produce nothing of real value" shit STWAKS hand over fucking fist!!!!

you should too!!!!

cya undeneath the freeway overpass bitchez..........

Thu, 01/07/2016 - 14:13 | 7012524 Consuelo
Consuelo's picture

Twatter pink slip Friday's and 50% less traffic on Hwy. 101, or it ain't real.

Thu, 01/07/2016 - 14:14 | 7012528 Jason T
Jason T's picture

am having a very good crisis.  

Thu, 01/07/2016 - 14:44 | 7012753 Automatic Choke
Automatic Choke's picture

ditto.....eat hot red ink, btfd'ers.

Thu, 01/07/2016 - 14:14 | 7012535 silverer
silverer's picture

After this is all over, I can Wall St. as a tent city.

Thu, 01/07/2016 - 14:35 | 7012688 SpinDrift
SpinDrift's picture

Google search result for "AMZN"

Top ranked headline is....predictably party centric.  

Thu, 01/07/2016 - 15:10 | 7012924 Lumberjack
Thu, 01/07/2016 - 15:11 | 7012926 E.F. Mutton
E.F. Mutton's picture

I've done some gullible, naive shit investment-wise over the years, but not once did TSLA ever sound remotely attractive.  Now it stinks.

Thu, 01/07/2016 - 15:16 | 7012958 Automatic Choke
Automatic Choke's picture

Most stocks have a price at which they are a "buy".  When I look at TSLA and try to figure out that threshold, it is so low that it likely won't get there until they are inches away from bankruptcy and the stock stops trading.  Counter-arguments?  Where is it a bargain?

Thu, 01/07/2016 - 15:19 | 7012981 herkomilchen
herkomilchen's picture

I don't even trust TSLA to be a member of the overvalued hype stock club.  I'll stick with FANG.

TSLA is such an erratic, whacked company, it could explode on some new Federal subsidy or regulation.  I won't touch it even to short it.

Thu, 01/07/2016 - 16:39 | 7013489 zipit
zipit's picture

Good chance they will get crushed by the big boys (when they big boys roll out quality and volume). 

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