Nasdaq Leads Stocks Lower As FANGs Tumble To 3-Week Lows

Well that escalated quickly...

NASDAQ is down over 1% since Trump's "Fire & Fury" comments...

 

FANG Stocks have nearly erased all of their post-NFLX-earnings gains...

 

As the entire crew all falter (led today by NFLX after Disney's bombshell).

Comments

Lewshine HenryKissinger… (not verified) Wed, 08/09/2017 - 11:14 Permalink

This so-called pullback has nothing to do with N. Korea as the Jim Cramers of the world would have you believe. ALL MOVEMENT in the equity market, both up or down, are carefully orchestrated. The only thing more manipulated than the upside moves we've seen since 2008, is the delicate, white knuckled pullbacks so carefully ALLOWED for the soul purpose of adding perceived risk where there is absolutely none. This is not to say that the Central Banks around the world are not looking for the perfect headline to bail on this exhausted manufactured drama. They are, and when THAT issue is allowed for our digestion, The Fed will point their wicked finger at that ALLOWED cause - And history will be written as to what caused the greatest economic collapse the world has ever seen. But not before they shred every inch of financial flesh from all the oxygen breather's on this planet. <drops mic>

In reply to by HenryKissinger… (not verified)

shizzledizzle youngman Wed, 08/09/2017 - 10:04 Permalink

Car Salesman: This car was $1000 a month ago.Buyer: What is it now?Car Salesman: Today it's $3000Buyer:  Why is it so much more expensive?Car Saleman: Because everyone wants one.Buyer: I think I'll wait until the price goes back down or just get a different vehicle.Car Salesman: You FOOL! You will never have the opportunity to own the car again, they are just going to go up in price... FOREVER.

In reply to by youngman

Consuelo Wed, 08/09/2017 - 10:39 Permalink

  With regard the FAANG's:Proctor & Gamble and ad-bots...    When it finally lands on a few key heads that 'Fakebook' is reality, not just sarcasm.

TheNuclearGenie (not verified) Wed, 08/09/2017 - 11:39 Permalink

You morons never learn. The market will never ever go down because the central banks will buy stocks to keep it up. Yet you bitch here every day about the same issue. I said many months ago to invest in the us stock markets. I have been making a killing since 09-10 and it keeps rising. I know the fed and the rest got my back... nobodys got yours... make your choice.

Last of the Mi… Wed, 08/09/2017 - 12:54 Permalink

If the Fed would cut QE tomorrow and let the FAANG's drop about 40% back to where their earnings are related to the stock price all of this politically correct echo chamber nonsense would disappear in a month. Do it now and get it over with. We're going to have to feel the pain sooner or later.