American tech stocks lose $1 trillion in a month

[TheTruth]

https://bitcoinist.com/stocks-faang-trillion-cryptocurrencies/

EVERYTHING’S BUBBLING

The S&P 500 and the Nasdaq 100, for example, have fallen by a lower -9.9% and -12.1%, respectively, from their own highs compared to the FAANGs. In fact, the recent stock rout has been led by the once-red-hot FAANG as tech-oriented ETFs saw “massive outflows” in November, reports Bloomberg.

“The conditions that have allowed these kinds of high-growth stocks to outperform have changed, if not reversed,” says David Lafferty, chief market strategist at Natixis Advisors. “I just don’t see much upside.”

Similar conditions may have also allowed for this exuberance to spillover to the nascent cryptocurrency industry earlier this year. Both Wall Street and retail investors began buying into the high-risk, high-reward casino world of crypto and novel ICOs pushing the price to record highs by the end of 2017.

At the time, newly launched Bitcoin futures marked Bitcoin’s entry into mainstream finance, boosting Bitcoin price to new heights. Today, BTC price $4003.83 -0.46% is down roughly 85% from its all-time high of almost $20,000.

More to come.

 

[KhalaiMakhlooq]

Do you see how the economy is artificial? No actual money was lost because it wasn't there in the first place.

 

[XTQ1999]

Do you see how the economy is artificial? No actual money was lost because it wasn't there in the first place.

you don't understand how stocks work. money was lost.

 

[KhalaiMakhlooq]

you don't understand how stocks work. money was lost.

No, valuation was lost.

 

[TheTruth]

Do you see how the economy is artificial? No actual money was lost because it wasn't there in the first place.

Yet when 1 trillion in "valuation" disappears on China's stocks, it's THE COMING ECONOMIC APOCALYPSE IN CHINA!

I think we're going to see a 20-30% drop in US stocks at least. $10 trillion in "wealth" people thought they had.

 

[Beast]

Do you see how the economy is artificial? No actual money was lost because it wasn't there in the first place.

If money was transferred to from American title Chinese. Do u think that is not a lost for American?

 

[KhalaiMakhlooq]

If money was transferred to from American title Chinese. Do u think that is not a lost for American?

I don't understand. How does a benchmark valuation change transfer money?

 

[xyxmt]

Stock market is the biggest scam in human history, 1B lost by ordinary but greedy people is a gain for scammers.

 

[nahtanbob]

it is paper wealth that was never real

 

[TheTruth]

ANOTHER TRILLION GONE!

 

[Yaseen1]

Result of tradewar with china

 

[oprih]

Lmao poor muricans, time for a civil war!

 

[TheTruth]

ANOTHER $500 BILLION!

LOL