Desperate buyers - fearful of missing out on the next Facebook - are panic-bidding Snap's stock price this morning. Up 17% to $29 the cash-losing company is now worth almost $41 billion - more than Ebay or Sony...
We wil have to wait for Monday/Tuesday for the shorts to appear (T+3)...
The question seems to be - Facebook, Twitter, or... Pets.com?
The gap between people's perceptions of reality (as judged by consumer and business surveys of confidence) and reality (as judged by fundamental economic data) has never been higher than it is today.
Peak 'Animal Spirits'
The problem for those waiting for 'hard' data to catch up to 'soft' data is - it never has.
And in this case - the 'soft' survey data has moved 2 standard deviations above the norm...
By EconMatters
We discuss the Trump administration`s efforts to cover up their interactions with Russia during the election process in this video. When two prominent Trump cabinet members resign in the first six weeks it is pretty serious.
https://www.youtube.com/watch?v=M_O2EDp-_kA
The NSA, in collaboration with the CIA and FBI, routinely and secretly intercept shipping deliveries for laptops and PCs purchased online in order to install spy malware and bugs before they reach their owners. According to a new report from Der Spiegel based on internal NSA documents, the intelligence agency’s elite hacking unit (TAO) is able to divert online shipping deliveries to its own “secret workshops” in a method they call interdiction.
It wasn't the Russians, it was the auditors...
Source: Townhall.com