{"id":103160,"date":"2017-03-10T10:31:40","date_gmt":"2017-03-10T15:31:40","guid":{"rendered":"http:\/\/countingpips.com\/?p=103160"},"modified":"2017-03-10T06:33:17","modified_gmt":"2017-03-10T11:33:17","slug":"two-hot-commodities-on-the-brink-of-implosion","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/03\/two-hot-commodities-on-the-brink-of-implosion\/","title":{"rendered":"Two Hot \u201cCommodities\u201d on the Brink of Implosion"},"content":{"rendered":"
March 10, 2017<\/div>
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By WallStreetDaily.com<\/u><\/a> \"Two<\/p>\n

For most people, Friday is just the day before the weekend.<\/p>\n

But in the Wall Street Daily <\/em>Nation, it\u2019s the day we ditch the long-winded analysis and let some graphics talk for us.<\/p>\n

This week, I\u2019m serving up a limbo edition. I\u2019m going to profile just how low Snap Inc.\u2019s (SNAP) newborn stock<\/strong><\/a> can go. (I warned you!)<\/p>\n

I\u2019m also revealing the world\u2019s best performing currency for the past two years. Is it time for me to eat crow for predicting its ultimate demise nearly four years ago? Hardly!<\/p>\n

Read on to find out why\u2026<\/p>

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How Low Can SNAP Go?<\/h2>\n

That didn\u2019t take long!<\/p>\n

In a matter of days, the euphoria over the biggest U.S. technology IPO since Facebook\u2019s (FB) $16 billion offering in 2012 turned into outright fear.<\/p>\n

All the clich\u00e9d \u201cSnap, Crackle, Pop\u201d<\/em> headlines were instantly supplanted by \u201cSnap, Crackle, Drop\u201d<\/em> headlines.<\/p>\n

Why? Because, as we predicted, shares of the new public social media company, Snap Inc. (SNAP), tripped and fell. Hard.<\/p>\n

\"Performance<\/p>\n

After surging 73%, to a high of $29.44, in the second day of trading, the stock is officially in a bear market now. Shares dropped as much as 27.6% from the all-time high.<\/p>\n

Mind you, investors who were afraid of missing out \u2014 and piled into the stock at the peak \u2014 have once again become Wall Street\u2019s bag holders<\/strong><\/a>.<\/p>\n

Two observations here:<\/p>\n

1. The wheels are falling off this IPO bus faster than normal<\/strong><\/p>\n

As you can see in the chart below, the typical hot tech IPO begins its descent to reality 38 days after going public. And the selling doesn\u2019t relent for 117 days, on average. Snap decided to break down in just three days. Not a good sign.<\/p>\n

\"Composite<\/p>\n

2. It\u2019s only going to get worse <\/strong><\/p>\n

Consider:<\/p>\n