It was a leading indicator of investor exasperation when it started to crash in December 1999. Now, with today’s plunge, it’s down 30% from its February high.
Why the heck did Daimler just now turn its supposedly strategic investment, and one of the hottest stocks, into cash? What does it know that we don’t?
An epidemic of store closings, restructurings, bankruptcies… as the American consumer runs out of options.
“Disorderly on a scale not seen since the crash of 1987″: Too many poorly understood structural changes have created unstable markets.
Law enforcement is ablaze with indignation about Apple’s encryption decision. Google’s decision added fuel to the fire.
Bitter ironies are piling up – with very crummy consequences.
Mega-Startups go parabolic. Flame-out already happening.
We’ve spent our entire life in a credit expansion. We began life when the cork came out of the credit jug. We’ve all been pulling hard on it ever since. Heck, we’ve lived on it. “Hey, we’ll pay you later,” we said. But what if “later” is now?
Weighed down by soaring debt, it declares bankruptcy. Stock loses 92% in one day. From $20 to $0.80 in 3 months. A harbinger.
This shouldn’t have happened. Where is the euphoria?