This debate is obviously crucial for the market going forward. Everyone is acutely aware of how important it is for tech high-fliers to avoid an Icarus moment until we finally see the fabled “rotation” back into value or, more simply, until another sector proves it’s capable of taking the baton in this aging bull market.
“I think the really interesting thing is it shows sort of the kind of fairyland that FANGs have been operating in.”
If this were a reality TV show, the ratings would indeed be “tremendous”.
Who knows! That’s the fun of it, right?
“…to all you Marty McFlys out there”…
R.I.P.
…so buy that dip!
“Tremendous” things are happening.
Oh, good.
The new edition of BofAML’s Global Fund Manager survey is out, which means we get a fresh look at what folks told Michael Hartnett about the “most crowded trades”.
“The coverage, like the stock drop, is brutal”…
Whether that’s a good or bad thing for society is an open question and largely depends on how regulatory action is justified and who it is that’s doing the regulating.
I’ll tell you what, if this Facebook debacle continues to spiral out of control, it’s going to be interesting to read some of the fund letters…
FACEBOOK EXTENDS LOSS TO 2.3% ON REPORT OF FTC PROBE
Here we are a day on from some Facebook-induced market mayhem and it looks like everyone is in wait-and-see mode. Who can blame them?
“In which we learn about how CA helps candidates around the world, like by bribing their opponents and sending them hookers.”