What a fucked up tech sector. The whole market, sans oil, is celebrating the Trumptification of the markets but the freedom hating tech nerds in Silicon Valley. Couple them with the plight of Saudi Arabia and we’re beginning to see a trend here.
If you hate freedom and American apple pie, you die.
Since the election, the FANG bangers are down in the magnitude of 8%. This is significant because the market has gone the exact opposite way, leaving retrograde keyboard polishers like Mark Zuckerberg and Tim Cook very sad, in their billionaire homes.
If anything else, the flight from ‘safe’ FANG stocks into more riskier plays, like hobo homeless dry bulkers, is not a coincidence. Investors are bored of Jeff Bezos and his 650 PE. They want pizaz, not to be confused with the pizza that John Podesta likes to eat for an hour.
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Dr. Fly- If rates stay up how does this impact the idea rates need to be low for the government to deal with the debt? ie they will never raise rates because they can’t.
Former Goldman Sachs Robert Rubin (who should be on a 10 bill) handle it well in the 1990’s when Greenspan was raising. That is why the next Treasury Secretary needs to be a similar pick like Dimon
They are the corporate CEOs that were directly political. Smart CEOs act in the political interest of shareholders. Mark Cuban is lucky that he is not CEO of anything than the Mavericks and Shark Tank entities that sell cookies on-line
Social activism by shareholders and CEOs is out for now.
Those are, but other large cap tech has and continues to get hit too (e.g. MSFT). Agree it’s not smart for public CEOs to mouth off about candidates.
Bill Gates was a generous man, he made a lot, a LOT of millionaires in the 1980s. 90 with stock options for his employees.
Seattle would be nothing if MSFT never came along
WTF with DRYS.
Guess the snowflakes are back to work. Got my vr headset. Bye real world. Now that everyone is waking up. I can go to lala land, and wait til nasdaq hits 1000.