Carnage Continues After-Hours – Dow Down 1000 Pts, Nasdaq Collapses 5% – “Markets In Turmoil”: FANG Freefall Sparks Longest Losing Streak Of Trump Era

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Facebook Tumbles Over “Systemic Problems” In Data Breach, Drags Nasdaq Lower

Facebook Tumbles Over “Systemic Problems” In Data Breach, Drags Nasdaq Lower:

Facebook stock is tumbling as much as 3.5% this morning, dragging the Nasdaq lower as it faces “more systemic problems” according to Pivotal research, following reports over the weekend associated with a data leak that exposed about 50 million user accounts.

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Nasdaq Triggers Market-Wide Circuit-Breaker As AMZN “Crashes” 87% After-Hours

Nasdaq Triggers Market-Wide Circuit-Breaker As AMZN “Crashes” 87% After-Hours:

Nasdaq has issued a market-wide trading halt amid what appears to be a “glitch” that sent a number of the largest Nasdaq-listed stocks to crash or spike to exactly $123.47 per share. This move crashed the value of companies including Amazon and Apple, sparked chaos in Microsoft, while sending Zynga rocketing up more than 3000%.

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The Fate of The Tech Bubble Is In The Hands Of Just One Company

The Fate of The Tech Bubble Is In The Hands Of Just One Company (ZeroHedge, April 24, 2015):

With the Nasdaq sitting at new highs having finally eclipsed the previous record of 5,048 set in March of 2000 and with consumers not-so-eagerly awaiting their chance to get in on the supposed wave of the wearables future by purchasing their very own Apple Watch, we learn that the fate of the tech bubble now rests entirely on the shoulders of Tim Cook because as FactSet notes, “blended Q1 Y/Y EPS growth for the Information Technology sector is 0.7% [but] excluding Apple, the blended earnings growth rate for the sector would fall to -5.1%.”

That rather disconcerting statistic makes this the scariest chart in the world for tech investors:

ITEPSGrowth

And as it turns out, it’s not just the tech space. Y/Y EPS growth for the entire S&P 500 is expected to come in at -2.8% — excluding Apple knocks more than a full percentage point off the already negative results: “The blended earnings decline for the entire S&P 500 is -2.8%. Excluding Apple, the blended earnings decline for the S&P 500 would increase to -3.9%.”

In other words, the market better hope there are a lot of these people out there:  

Read moreThe Fate of The Tech Bubble Is In The Hands Of Just One Company

Dow Jones Drops 1500 Points In 3 Weeks, Nasdaq Enters ‘Correction’ As VIX Breaks 30

Dow Drops 1500 Points In 3 Weeks, Nasdaq Enters ‘Correction’ As VIX Breaks 30 (ZeroHedge, Oct 15, 2014):

From 17,350 intraday highs “proving the recovery is here,” we are 1500 points down just 3 weeks later. The Nasdaq just fell 10.5% from its highs, officially in correction. VIX broke above 30. Perhaps, just perhaps, the gap to fundamentals is finally about to be filled…

Read moreDow Jones Drops 1500 Points In 3 Weeks, Nasdaq Enters ‘Correction’ As VIX Breaks 30

Was This The Selloff Catalyst: $10+ Billion BlueCrest Capital Unwinding Positions, Fires PMs

From the article:

When one fund’s liquidation of a part of their portfolio can drop the Nasdaq by 2%, it should be clear to everyone (including Janet and here friends at The Eccles Building) that the stock market ‘stability’ is anything but “contained.”


Was This The Selloff Catalyst: $10+ Billion BlueCrest Capital Unwinding Positions, Fires PMs (ZeroHedge, Sep 26, 2014):

Yesterday’s plunge in stocks (and credit markets) was pinned on several catalysts from Russia to Fed speak, but the ‘liquidations’ explanation appeared to make most sense and now we have a candidate for the culprit. As The Wall Street Journal reports, $10.6 billion BlueCrest Capital Management LLP, one of Europe’s largest hedge-funds (and best known for its credit market expertise), laid off several stock traders in the U.S. Thursday and began liquidating their investments, according to people familiar with the matter, not long after it aggressively expanded into equities.

Read moreWas This The Selloff Catalyst: $10+ Billion BlueCrest Capital Unwinding Positions, Fires PMs

Russell 2000 Loses Critical Support As MoMo Massacre Accelerates

Russell 2000 Loses Critical Support As MoMo Massacre Accelerates (ZeroHedge, April 28, 2014):

Momentum, or high-growth hope, stocks are making fresh lows of the February Tarullo Top as this morning’s mysterious buying panic sparked by housing data has relapsed into aggressive selling pressure. The Pharma frenzy is fading fast also. The Russell 2000 has broken below its 200DMA once again – a critical support level – and Nasdaq and Trannies are making new lows from Friday. All US equity indices are now in the red for April.

Biotechs not getting a bounce from the Pharma frenzy as momos just keep tumbling from Tarullo’s top…