The Uber glorified taxi service and app (with an almost half billion dollar operating loss) is now valued at--get this--over $50,000,000,000!
And commodities--you know the precious materials that REAL things are made off (gold, silver, copper, aluminum, oil, gas, coal, wheat, cotton, corn, soybeans, cotton, cocoa, coffee, sugar, beef, and more) hit a 13 year low.
When the nothings of this world like a basic cab service become invaluable and the real things that power our homes, technology, transportation, and manufacturing become valueless--then we know a day of painful financial reckoning is coming.
The markets can stand on their head for only so long before the blood rushes in and people become dizzy and see spots.
A reversion to the mean is the one something here that is inevitable, along with a pretty decent recession to boot. ;-)
(Source Photos: Andy Blumenthal)
