Canary in a CrowdStrike

CrowdStrike stock has plunged nearly 30% since its disaster unfolded last week. Millions of Americans who never heard of CrowdStrike are aware of it now, after being stranded at airports, locked out of their computer systems, and stymied in business.

Before all this happened, CrowdStrike was a Wall Street darling. For example, Downtown Josh Brown called it the "hottest software stock of 2024" on July 8, and gave Kurtz an absolutely cloying interview.

Brown is a money manager and frequent bloviator on CNBC. He's smart, quick-witted and has a tight grip on the data, but like a ...