Merely a thought but could the IPO of gamer $KING have been the top for the much heralded Nasdaq? After $FB $TWTR $ZNGA and now $KING, maybe the market held out just long enough for the $KING IPO before ringing the register. Maybe the market has decided enough is enough when Farm Heroes pulls a $20/share price and a $6 billion market cap. Just sayin'. It's not a "thing". They don't produce a product. It's.......a.......website.
Many in the twittersphere have already commented that this strangely feels like the 2000 top and when growth names like $AMZN and $NFLX can't get any loving, maybe they're right. Maybe the $KING IPO was the top. If so, they'll be doomed to the OTC graveyard faster than Jimmy Johns can deliver your lunchtime fare.