Microsoft Plunges Most In 18 Months As Tech Wreck Escalates

Microsoft is down almost 4% - the biggest drop since June 2016 - filling the gap from earnigs as the entire tech space is coming under serious pressure in this low-high tax rotation.

No, there is no MSFT-specific news or catalyst...

FANGs, Semis, and the broad tech sector are in trouble...

 

As the low-to-high tax company rotation continues...

Comments

Rainman Mon, 12/04/2017 - 15:07 Permalink

allow me to guess ...those ratfucks in CONgress and their wives, mothers, brothers, sisters and cousins must be trading out of upcoming bad reg news.

Consuelo Mon, 12/04/2017 - 15:09 Permalink

  Wake me up when Facebot announces (or is forced to), staff reductions...Then AAPLThen GOOGThen NTFLXThen TWTRThen ----- Avalanche...

Endgame Napoleon Consuelo Mon, 12/04/2017 - 19:06 Permalink

Altogether, the Big Tech companies have less than 500,000 US employees, especially if you subtract Amazon, with all of its non-technical warehouse jobs. The tech sector really just employs a limited number of highly skilled people. It is just the nature of what they do, particularly when the hardware manufacturing is done overseas. FB is just a website. How many people do you need for that? They employ about 4,000. They even added about 1,000 employees when criticized for having too few during the Trump campaign. When I looked up the figures during the campaign season, Microsoft had the most US employees other than Amazon. If you count all of the retail store jobs and the delivery jobs related to shipping the product, you can bump Apple’s US employment numbers up. But the high-paying jobs are not plentiful. They all also have some call center jobs. In a country where every woman works, rather than raising her children, the job and wage pool is diluted for people who lack a second income or unearned income for womb productivity from government. The tech sector cannot employ even one fourth of the humans in this country. There needs to be a more diversified set of full-time job providers. What the American government does instead is to pay women for having sex and reproducing via the welfare and tax-welfare systems, ensuring that their major household bills are covered by unearned income despite the scant pay from part time and low-wage jobs. This helps drive wages down while providing the illusion of employment.

In reply to by Consuelo

pitz Endgame Napoleon Mon, 12/04/2017 - 19:08 Permalink

Most of the actual tech employees (rather than admin) at Microsoft, Facebook, Google, are foreign nationals on the H-1B visas, not Americans.  Trump would be well advised to go to war with H-1B abuse, especially as the tech sector goes through another collapse (the ad-supported model is not sustainable!), so that re-staffing is done with qualified American talent.

In reply to by Endgame Napoleon

A1 T Mon, 12/04/2017 - 15:11 Permalink

Filling the gap. LOL GOTS TO GIVE CREDIT WHERE CREDIT IS DO.SHLEPWAVE CALLES  IT AGAON. SAID TO SELL MARKET AT OPEN  DOBLE DOWN ON BEARISH QQQ POSITIONS THIS MORNING AT THE OPEN GOING TO BANK NOW. 

Anteater shankster Mon, 12/04/2017 - 15:58 Permalink

Forget stawks, the Bolivar eCoin is soaring!Is now the time to take your cash off the sidelines?Don't miss this opportunity to get in on the ground floor!Bolivar eCoins! A Kramer certified GOOD BUY!DISCLAIMER: PAST PERFORMANCE IS NOT AN INDICATOR OF FUTURE YIELDS. YOU MAY LOSE ALL OR PART OF YOURINVESTMENT. BOLIVAR eCOINS ARE NOT CURRENCY ANDARE NOT FUNGIBLE ASSETS FOR TRADING AS VEHICLES. 

In reply to by shankster

Tom Green Swedish Mon, 12/04/2017 - 16:13 Permalink

Intelligent rotation. Take your money out of non regulated tax cheats and put it into banks ( over regulated non tax cheat recipients of the real disruptive technology aka blockchain). While the whole world focuses on throwing their money in a massive bubble bitcoin ( odds are it goes down 50 percent before it goes up 1000% again.) Lets also not forget most people who trade stocks are not silicon velly phone makers and computer poframmer. EIther listen to Dimon or Gates.

TheMayor Mon, 12/04/2017 - 17:13 Permalink

Someone please explain to me why Tesla (TSLA) has not crashed to say $25.I mean seriously, everyone uses MSFT, it's a real company, but TSLA just has a large pit out back in which they burn investor CASH everyday?Pure madness, it again, must be all a bad dream.When TESLA CRASHES to minus 300, I will know the world has come to its senses.

JailBanksters Tue, 12/05/2017 - 02:21 Permalink

You would think Microsofts Software would be cheaper becausetheir software is never tested before it escapes Redmond.Instead they use Hundreds of Millions of unpaid Beta Testers.