The Contagion Of Group Stink---Smell It Coming

The rapid decline in Tesla’s (TSLA) shares over the last month and the continued fall of two prior market darlings, Intel (INTC) and Micron (MU) , should remind us of the poisoned cocktail of “ Group Stink.”

Should the market fall, as I expect, there will be many more fallen angels.

http://davidstockmanscontracorner.com/?p=207821&preview_id=207821&preview_nonce=826c1adfbe&preview=true

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.