AMZN & AAPL Just Flash-Crashed - FANGs Worst Day Since Election

The sudden rotation out of growth/momentum stocks, highlighted earlier, sure escalated quickly...

... With growth getting dumped...

... And AMZN flash-crashing:

Some zoomed in context:


Even AAPL is getting hammered:


In fact, all the FANG stocks are in trouble, on their biggest down day since the election


So did Goldman finally cause the selloff it has been predicting for so long?

Comments

Peak Finance Fri, 06/09/2017 - 14:56 Permalink

I am not unerstanding the block trades today, I am seering QQQ flying and SPY's in massive blocks, but, everyone is like FUCK NASDAQControled decline? Let some air out?  

Colonel PrivetHedge Fri, 06/09/2017 - 16:42 Permalink

"The mathematics of debt interest (on money printed out of thin air) says at the end, they own everything." "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." - Thomas JeffersonImagine that, hundreds of years before it happens corrrect analysis.

In reply to by PrivetHedge

gmak Fri, 06/09/2017 - 14:58 Permalink

If everyone is BTFD-trained then you have to create a dip here and there to get the muppets in and the early money out, no? AMZN will probably turn out to be an Algo that misunderstood something or other.

nmewn Fri, 06/09/2017 - 15:00 Permalink

Yeah I was wondering what was going on with Nasdaq. You mean putting all your eggs in one basket isn't a sound financial strategy?   ;-)