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deFANG’d
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
zerohedge.com / by Tyler Durden / 02/08/2016 09:20
FANG stocks are collapsing in the pre-market as faith in the “growth at any cost” meme crashing on the shores of reality once again. Now down over 16% from their post-Fed-rate-hike highs, the stocks you should never sell are being sold in size as large crowds and small doors press NFLX and AMZN (and TSLA for good measure) down over 30% year-to-date. Even Mark Cuban is hedging…
It’s carnage in the pre-open…
“For those of following my stock moves, I just bought puts against my entire Netflix position,” Cuban posted on the site.
“I’m not selling. But I have no idea what this market will do.”
The post deFANG’d appeared first on Silver For The People.
Thanks to BrotherJohnF
Source: http://silveristhenew.com/2016/02/08/defangd-2/
