iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,431 Blog Posts

FAAGS Trade Unravels: Overbought Indices Finally Catches Up To Spoiled Rotten Investors

We’re finally seeing some tangible losses in the tech sector, and the NASDAQ as a whole. The widely owned FAAGS (Facebook, Apple, Amazon, Google, Snapchat) trade is taking a breather today. Thus far, there is no reason to be concerned, unless of course you were betting on weekly call options.

Perhaps the market can now get destroyed, crashed, with no survivors.

F

A

A

G

S

At the very minimum, a serious and arduous drop in the indices will help the VIXfags recover from their record, breath-taking, losses. In smaller cap stocks, the losses have extended to more than 2%.

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7 comments

  1. oilerua

    did you see how stable other indexes are ?
    unbelievable

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  2. oilerua

    feds said portfolio rebalance would be slow and boring as fuck
    it could just be here

    I wonder if they intended ” we’de like to see some crash but we can’t make it happen sorry”

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  3. og

    That reversal in NVDA was just nasty.

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  4. oilerua

    they must have read showtime trolling around the web

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  5. oilerua

    don be fooled by tech smantling,
    and a magic oil reverse later will keep anything afloat

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  6. sarcrilege

    Central banksters taking an early friday weekend today and letting mice play?

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