Facebook +5%
Amazon -21%
Netflix -21%
GOOGL -6%
The median return is -13.3% for the year.
Inside of Exodus, my bubble basket is at a new low, down 29% for the year.
There isn’t an iota of risk appetite left in the market, especially with this morning’s unemployment numbers. All of the assholes are calling for MOAR rate hikes–ignoring the fact that NOTHING in the market is working.
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See previous post.
Ugly out there
What lunatic buys FB here?
If anything that’s why the fed is crushing the market. I approve of popping their idiot bubble. Not at the risk of derailing the economy though.
Fuck FB, snapchat, their VCs, and the rest of them. Time to get back to real valuations.
So are any of these FANGS a buy yet? AMZN and NFLX are down the most. AMZN seems like it’s headed toward owning everything in the world, so that’s the one I would bet on, if I bet on one. But I haven’t yet.
One last plank in the floorboard to give way…supported by the Zuck dog…sigh.