I remain in awe that in this totally propped-up market of ours, any stock can succumb to gravity, but it seems that the business model for Angie’s List (about which I’ve written many times) is so flawed that it just keeps plunging. If this idiotic stock market actually returns to normalcy (e.g. a steady grind lower), I’d expect ANGI to get delisted sooner or later.
After reading the “0.1% Problems” post on ZeroHedge (which was about a snippet from a local paper about a fellow complaining that billionaires can get whatever they want, whereas ‘average millionaires’ in Palo Alto cannot), I thought I’d share a property listing with you good people in case you want to join me here in my fair city (my house, mercifully, I bought into back in 1991 when prices were merely above-average, and not insane).
May I present to you 258 Middlefield Road, Palo Alto, California, which is located within walking distance from my house and is a mere $1,800,000 (well, that’s the asking price, but it’ll probably go for more). The property features ample storage in the back…….. (more…)
From The Shop’s voluminous video library. The Savant can never get enough of this video!
The StealthFlation Blog
Wall Street Analysts, surely some of the most overpaid souls on the planet (with the exception of Palo Alto firefighters……….) once again prove their utter worthlessness by way of GT Advanced Technologies, which this fine morning is quoted down 85% due to declaring bankruptcy (which tends to have a deleterious effect on security prices). You will note that in this entire swarm of analysts, only one of them bothered to have a Sell rating (versus the ten who thought buying GTAT was a swell idea). The chart doesn’t reflect today’s price drop, since I don’t want to put up a two-foot high post.