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I think you are close but not quite. The real problem is that tech giants rule the SP500 now and Congress all have portfolios laced to the gills with stocks.
by Mistletoe 2y ago
I think you are close but not quite. The real problem is that tech giants rule the SP500 now and Congress all have portfolios laced to the gills with stocks. My only hope is that eventually the rich realize they make more money betting on the market going down than up, the stock market does mean reversion, and we break up the obvious tech monopolies that are causing the dystopia we all find ourselves living in right now.
https://www.currentmarketvaluation.com/models/s&p500-mean-reversion.php https://www.currentmarketvaluation.com/models/s&p500-mean-re...
- scarface_74 2y agoAnd then we “break up Google” so we have a Google Search company, a Google YouTube company, A Google Chrome company and instead of one company having all of your data to target you, now multiple companies are sharing data between them… But more to the point, which tech company has a monopoly at all and which one is based on structural issues and not network effects and how do you propose to break them up? Better question is where is the consumer benefit of breaking up any of them and how would you slice them?