Awooh!
* I mean baa(d) – Baa? Baa(d)
What full lips you have
They’re sure to lure someone bad
So until you get to Grandma’s place
I think you ought to walk with me and be safe
I’m gonna’ keep my sheep suit on
Until I’m sure that you’ve been shown
That I can be trusted, walking with you alone
Awooh
Little Red Riding Hood
You sure are lookin’ good
You’re everything that a big, bad wolf could want
Awooh! I mean baa
Baa? Baa
– Sam the Sham and the Pharaohs, Little Red Riding Hood
Wolf Street howls about “tech as in drek.”
Tech Makes a Mess as Wrinkles Start to Show. Markets Are Edgy Now, Aren’t They? | Wolf Street
As noted by Wolf Street we have seen unprecedented and large percentage and dollar drops in the world’s biggest technology stocks that have highlighted the last 48 hours of trading:
* Alphabet ($GOOGL)
* Amazon ($AMZN)
* ServiceNow ($NOW)
* Intel ($INTC)
* Fortinet ($FTNT)
* Reddit ($RDDT)
The consensus has been unabashedly optimistic going into this week’s technology earnings releases:
1. From the head cheerleader, Fundstrat’s Tom Lee, whose changing narratives have incorrectly but confidently called for an imminent and massive stock market rally:
2. “Group stink” and simplistic first-level thinking from another Halftime panelist shrouded in hubris:
To me, the most audacious part of all this is that there will be no admission of a massive investment mistake nor will there be pushback from the shows’ moderators.
Position: None
