NFLX Enters 'Correction' As FANGs Take Out Monday Crash Lows

FANG Stocks just took out Friday/Monday's crash lows to the lowest since April 28th as NFLX leads the collapse.

 

The no-brainer is down 12% from its record highs last week, officially entering correction...

FANGs are down 8% from their highs...

This is the biggest drop since the election.

Comments

GodHelpAmerica Thu, 06/15/2017 - 10:50 Permalink

Kinda sucks when the only reason you bought this shit was with the immediate expectation of a higher price. If price is not going higher you then have ZERO reasons to hold it. And then there's millions of people with the same speculative rationale. The first out wins.

Pigs get slaughtered. Same as it ever was.

unplugged Thu, 06/15/2017 - 10:52 Permalink

meanwhile, as gold continues to get its own monkey-hammering, we find...US Treasury Gold Reserves    261,498,926 ozM2 Money Supply to US Gold ratio:  13,622,000,000,000 / 261,498,926   =   $ 52,092  per ozUS Govt Debt to US Gold ratio:  19,944,000,000,000 / 261,498,926   =    $ 76,268 per ozUS Total Debt to US Gold ratio:  67,494,000,000,000 / 261,498,926   =   $ 258,104  per ozAnd gold should rise to, when the “money” is created/printed to pay out on these…US Unfunded Liabilities to US Gold ratio:  106,465,000,000,000 / 261,498,926   =   $ 407,134  per ozSources:http://www.usdebtclock.org/https://www.fiscal.treasury.gov/fsreports/rpt/goldRpt/current_report.htm

Snaffew Thu, 06/15/2017 - 11:13 Permalink

today feels like a day where the BTFD won't actually work...by the close, the selling will accelerate.  the Fed fucked up this time and they won't be able to catch up with the selloff. 2428 S&P high around noon followed by intense selling.  Just my take---too much negativity out there to incline more buys than sells.

Russdiamon Thu, 06/15/2017 - 11:35 Permalink

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