The tech stock crumble continues to drive the NASDAQ down. The whole enchilada is headed to its intrinsic value, which is somewhere north of zero. We can soon party like it's 1999 all over again, except valuations will be more like 2001. Pink slip parties will soon replace Silicon Valley's ubiquitous tech mixers. Come to think of it, those two kinds of parties are indistinguishable.
China wants to throw it down with the EU at the WTO. It's a bluff, like a male gorilla charging in the jungle. China has no intention of addressing any traded disputes in the WTO. It sees the TPP coming and wants no part of multilateral dispute resolution. Making noise at the WTO distracts is lip service to international norms that suckers in Western financial institutions will buy.
Twitter teases its users with a possible new algorithm. It won't matter whether Twitter make sits tweets more relevant, or longer, or more colorful. The horse named Medium has already left the barn. Ordinary schmucks who self-publish have multiple options now besides Twitter. I could go into a ton of reasons about why Twitter makes little sense but the biggest one is its inability to make a profit. It will make a good blog article later on, so stay tuned.
The 50th Super Bowl is tomorrow. Makers of snack chips, hot dogs, and chicken wings have probably had great sales for the past week. Americans should enjoy this while it lasts. Living beyond one's means makes overindulgence possible. I will probably stay home and get work done unless someone offers me free food and booze.
It would feel more like 2016 if we had a real market crash and recessions. That would really differentiate this year from 2015. I have waited so long for this to happen.