3 ms·
When was the last $1T tech sell-off? That's what people are grousing about.
by JKCalhoun 1y ago
When was the last $1T tech sell-off?
That's what people are grousing about.
- epolanski 1y agoWho cares? Volatility is uninteresting.
- cess11 1y agoEh, I like keeping an eye on S&P 500 VIX to get a sense of the current mood among oligarchs and their institutions. I wouldn't use it for investment decisions, however.
- NaomiLehman 1y agoVolatility is where big money is made, ie. retails scalped
- fullshark 1y agoThis narrative that retail is constantly panicking and selling every time the market drops is it based in anything? I'm under the impression the massive volume of buying/selling every day is institutional, and institutional investors/hedge funds are the ones constantly adjusting based on how data moves.
- epolanski 1y agoSecond this. All we know is that over time retail investors tend to underperform the markets, but that's true of sophisticated institutional investors too. Plus: in 2022 when we had a bear year retail was the one buying the dips according to the news.
- Jabbles 1y agoWell according to the FT article that this article is based on: a) it's $800B b) this is the largest such selloff since April https://archive.ph/bzr5G https://archive.ph/bzr5G
- chmod775 1y agoNever. This wasn't such a sell-off either. What actually happened is that market cap declined by that amount, where market cap of course is just latest share price multiplied by shares outstanding. Nobody should be surprised or care that this number fluctuates, which is why certain people try really hard to make it seem more interesting than it really is. Otherwise they'd be out of a job. There is really nothing dumber than finance news.
- expedition32 1y agoThe casino is rigged anyway. While people are standing outside food banks under god emperor Trump the billionaires are making more money than ever. We will never see another 1929 crash in which rich people had to sell off their cars.
- mensetmanusman 1y agohttps://link.springer.com/article/10.1007/s11266-018-0039-2 https://link.springer.com/article/10.1007/s11266-018-0039-2 Do you have this data out to 2025?
- ben_w 1y agoWhy is food bank use in Vancouver, Canada relevant to a complaint about Trump? Sure, Trump wants to add Canada to his kingdom, but unless something wild happened while I was out shopping, still a different country.
- spwa4 1y agoAlso known as mark-to-market. Especially with the cyclical deals with stock at fictional (ie. never sold at that price) valuations, that are now all the rage. Reminds me of Enron, really.
- pllbnk 1y agoWith the pace of inflation we have been witnessing over the past years $1T has become unimpressive. Let's talk percentages. And if somebody wants to talk about absolute numbers, they should talk not only about negatives, but positives too, as in how much the stock market has gained before losing that $1T.