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Apple, FB, Google, Amazon, and Netflix together represent about 8.3% of global stock market capitalization. So obliterating them all in one day would not rise
by vba616 5y ago
Apple, FB, Google, Amazon, and Netflix together represent about 8.3% of global stock market capitalization.
So obliterating them all in one day would not rise to the level of a "correction" (that's 10%) much less a "bear market" (that's 20%).
Probably no more than about the 9th largest one-day market drop, either.
Conversely, the market has gained well over 8% in a day over a dozen times in recorded history.