7/25/2018 – A positive day with the Dow Jones up 172 points (+0.68%) and the Nasdaq up 91 points (+1.17%) 

We are currently dealing with a lot of cross currents in the market with a bit of excitement in the after hours. If you haven’t heard…..

Facebook stock falls 24 percent on forecast for slowing growth, rising expenses

The plummeting stock price wiped out about $150 billion in market capitalization in under two hours.

The company had cautioned investors to expect a big jump in costs because of efforts to address concerns about poor handling of users’ privacy and to better monitor what users post. Total expenses in the second quarter surged to $7.4 billion, up 50 percent compared with a year ago.

“Our total revenue growth rates will continue to decelerate in the second half of 2018, and we expect our revenue growth rates to decline by high single-digit percentages from prior quarters sequentially in both Q3 and Q4,” said Chief Financial Officer David Wehner.

As we have been warning for years, Facebook is not only massively overpriced/speculative, it is fast becoming the hang out place for “old people” and cats. A more detailed analysis of the subject matter can be found here

Facebook Plunges Into Bear Market, Wipes Out $132 Billion In Value

BUT, it gets worse, much morse……

And The Most Popular Hedge Fund Stock Is…Facebook

In other words, a lot of people will take massive losses with Facebook (FB) tomorrow. More importantly, Facebook is an F is the so called FAANG group that has been basically keeping the stock market afloat by becoming the Dot.Com bubble of this decade.

The real question here is whether or not the stock market can survive this massive blow from one of its leaders?

We might have an answer. If you would like to find out what happens next, based on our timing and mathematical work, in both price and time, please Click Here