[LNKD] - joke stock of the day.

Back when LinkedIn went IPO I commented very negatively on the company without offering a model because there was not enough data.  Since I never changed my mind that it is a joke company, it never struck me to track it.  However, today it is down 40% and that caught my eye.  This is how the scam works.  Stair steps up, but once the worm has turned, elevator down.  I wonder how many pension funds and insurance companies chased this worthless POS in search of gains to make up for the fact that treasuries pay nothing close to the 8% promise made to stakeholders of the pensions and insurance companies (i.e. annuity holders, etc.).

LinkIn will likely become a mania chart, closing well below the starting point.  For people who think that corporate shares actually have any intrinsic value based on some fake fundamentals pushed by wall street stock salesmen, imagine waking up one morning to find that 40% of your capital just evaporated back into the ether from whence the fake market cap came.  Wake up and smell the con.