2am EST Fri - Asian shares fall, dollar defensive as Fed stimulus cut looms
LNKD P/E is, what? How many hundred what?
S&P is at what level?
FOMC meets when?
Anyone have any idea of the amount of handwringing that is going to go on over the next three trading days about the first cut/taper since accommodative easing began?
This is a market that has been awash in free money. The spigot is about to be turned the other way for the first time in years, and the fear factor (probably more than the real risk) is off the charts. 10-year hovering near 3% and looking upward.
LNKD has gone hyperbolic in its valuation. It's got a beta of 1.6 and take a look at the 50 and 100-day moving averages -- what happened today - the extent of the breakdown.
I said at 11am yesterday morning (Thursday) that the market was turning and LNKD is going to drop hard before finding suport some time next week. We're right on track.