Whether I like it or not, stocks are dying again. The rout in high multiple stocks continues and the margin clerks are lighting their cigars, readying for a fun filled day of liquidation. The futures guys were showing gains for the NASDAQ since yesterday’s close, yet here were are and it is down 30. Who would’ve thought those alcoholics would be wrong, again?
YELP was upgraded to a price target of $105; therefore the stock is sharply lower.
SPLK, WDAY and FEYE are setting up for another 4-6 to the downside and everything else is positioned as it should be, in a Ben-less market. Speaking of which, I am sure Grandma Yellen is up and about this morning, heading off to a knitting class or something awesome like that.
Also, with the market sucking like this, WHY AREN’T THESE BASTARD IPOs withdrawing? Am I in the twilight zone or what? Withdraw your offering you idiot! Can’t you see no one is interested in more supply now?
This is the problem with VCs. They are the greediest people on the face of the planet, always looking to “cash in” and get liquid on people. At the moment, I wish them nothing but hardship and rough sledding.
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i feel like I have won the lottery today, only down 1-2% right now…. this would be a positive change in trend over the last few weeks.
I love your market insights. Coffee and a new blog post.. what else does one need? Maslow’s Hierarchy of Needs met!
How about, oh I don’t know, SOME STOCK MARKET GAINS?
Are you Marc David as in Marc David Chapman, the guy who tried to kill Ronald Reagan? I think Jodie Foster is hawt too, but dude, she doesn’t swing our way…you dig?
He;s Marc Chapman.
Who’s Marc Chapman? LOL
Is my computer malfunctioning, or is FEYE really green?