Stocks are falling this morning, after a solid jobs number and proclaimed 4.9% unemployment rate.
LinkedIn is suffering its worst decline ever, off by a retarded 37%. Big data enterprise company, Tableau Software, is off by a staggering 49% in early trade–taking with it the entire sector.
Check these losses out.
DATA -49%
CRM -9.5%
QLIK -14%
SPLK -16%
WDAY -10%
VEEV -5.2%
DWRE -8%
HUBS -7%
PANW -10%
FEYE -7%
CYBR -5%
The list is endless, really. I cannot recall a worse day for the software sector ever. Is it warranted? Yes. We’re in a bear market and apparently enterprise software is slowing, in an appreciable way. Thank heavens Fed’s Mester is out there, hiking rates, for the benefit of the American people.
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Where’s The Bernank when you need him? Sitting in a darkened room smoking a blunt. I’m goons get them …
Sir Dr. Fly – is there a software EFT worth nibbling on – swing trade or longer term hold? Thanks in advance.
outside of declaring bankruptcy or something outrageous, how does a stock decline 49% overnight? This is “efficient market theory”? Price discovery was off that much based off the earnings report?
Everything in the world is an enormous buy right now except treasuries and dollars and yuans.
It’s 68 in paradise, so I will not be leaving the stateroom. ( except for happy hour). I am in denial of all things that are not of goodness.