European markets had shrugged off the Paris attacks, up until US markets began warming up to open. Crude reversed a 2% gain and then our futures slumped. CLVS dropped 60%; the CAC slipped back into negative territory; and that’s all she wrote.
U.S. markets are 100% shit. Literally, any other market is better. It’s filled with horseshit tech companies that are designed to go lower. We are laden to the gills with soon to be bankrupt shale oil plays. And, on top of that, any person with a degree in medicine, and a little VC money to boot, has a publicly traded biotech company here–eagerly awaiting to get EXECUTED by the FDA–taking their naive shareholders with them.
Let’s not even broach the subject matter of expensive casual dining companies or the myriad of smoke and mirror financials we have here too.
On top of all that, we have like 3 companies that are at the epicenter of American deflation: AMZN, AAPL and WMT. This trio of deflationary vortex cannot be stopped. They’re so big, so pervasive, they affect the very fabric of every Americans existence.
Come to think of it, it’s rather amazing how big those companies have become, unimpeded by anti-monopoly jargon. I cannot recall anyone every mentioning how Apple’s size was potentionallly bad for American industry, overall. Sure, they make great phones and they have cool tech; but they’re the fucking borg and you know it.
I’m expecting pain, misery on loop today.
NOTE: I will be taking on another 5 bloggers in the new Peanut Gallery after this week. If interested, email me at [email protected] and be sure to let me know your Twitter handle.
If you enjoy the content at iBankCoin, please follow us on Twitter
in the words of the beloved american musician taylor swift
‘ shake it off, shake it off ‘
I think it would be great if we could sort the articles by recently posted with the coming of the additions to the peanut gallery. Would make it easy to find the most recent blog post.