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Gold to Da Moon!!

Posted by Richard640 @ 22:38 on October 25, 2018  

Friday Hasn’t Even Started Yet, But It’s Already Ugly

The FANGMAN stocks went to heck afterhours.

Just a note to show how decrepit and ephemeral the enthusiasm for stocks is.

So far in October, the S&P 500 has booked 13 losing days, including October 10, when the index dropped 3.3%, and October 24, when it dropped 3.1%. Then came today, with the feel-good moment of a boisterous 1.9% gain. And then came after-hours trading, and nearly everything went to heck, particularly the FANGMAN stocks that weigh so heavily on the index with their $4-trillion market cap. And Friday morning looks already ugly. All of the FANGMAN stocks were in the red in late trading:

  • Facebook [FB]: -2.3%
  • Amazon [AMZN]: -7.4%
  • Netflix [NFLX]: -2.8%
  • Google’s parent Alphabet [GOOG]: -3.7%
  • Microsoft [MSFT]: -1.5%
  • Apple [AAPL]: -0.4%
  • NVIDIA [NVDA]: -2.8%

 

Friday Hasn’t Even Started Yet, But It’s Already Ugly

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.