Meta? Didn’t it just spike? Friday is going to be interesting.
Ugly Day. But I’m more and more amazed how Microsoft’s CEO picked the very peak to dump half his shares last November.
Shares collapsed by 68% since November. $205 billion evaporated. FANGMA without the N.
They sure made hay while the sun was shining.
There are other types of stock market leverage, and no one knows how much leverage there is in total. Margin debt is the only reported indicator.
Q1 was crappy as IPOs imploded, investment banking took a hit, mortgage activity fizzled, other stuff happened.
CarMax ran into resistance against ridiculous prices. The used-car startups face an existential crisis. Vroom shares collapsed 97%.
What’s good for Amazon is not good for the gander.
Junk bond yields actually fell over the past month and are historically low.
It would be funny – if it weren’t so serious – how this stuff is imploding, and Wall Street, which created it, is now washing its hands of it.