Posted on 11/20/2018 7:33:09 AM PST by Red Badger
The fed is responsible.
Ghosn’s arrest isn’t helping any.
It seems like there’s more going on in the markets than just some “tech pressure.”
Since Democrats were projected to seize power in the House, the market has tanked.
Voter fraud must be STOPPED.
FEAR OF DEMOCRATS TAKING THEIR MONEY..................
The fed is responsible.
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President Trump has mentioned the Fed numerous times lately. He has been critical of their policies. He’s smart in doing so. Good CYA for if the economy starts slowing down.
Since Kalifornia has driven most other business out of state, a fall in Tech should make Newsom’s sphincter contract.
Nice to see oil under 55. My gas guzzlers are smiling
The single biggest factor is whether these companies are making any money, and/or whether they are expected to make money in the future. I can't speak for Amazon and Google (Alphabet), but Facebook is worth almost $400 billion on paper despite the fact that it has never paid a penny in dividends.
Giving up 2018 gains is less important than giving up value gained over the past 12 months, which none of the major indexes have so far.
The rest of the year 2018 will be to see whether or not current losses have, or are reaching a bottom, or if the entire last 12 months added value will be lost also. That will depend on how many investors in the next 30+ days will see buying opportunities in any of the recently obtained lows.
Facebook only has value so long as advertisers are convinced that it can deliver eyeballs, and so long as it can continue to steal data from their users to sell to the highest bidder.
Driving away half of their customers with political censorship was not smart.
Excuse me, but aren’t the big losers, the tech companies (eg Facebook, Amazon, Apple, Netflix, and Google) major backers of Democrats? No tears from me.
I have a sneaking suspicion that Facebook is trying to engineer a "soft landing" for itself -- i.e., they know their business is built on a foundation of sand, and they have to figure out a way to quietly scale down expectations without having the obvious phony numbers exposed.
I often see reports that Facebook claims to have 2 billion members. I can't imagine advertisers are dumb enough to believe that. My six Facebook personalities all agree that the 2 billion figure is totally B.S. :-P
Yep! Schadenfreude feels good!..................
If it has 2 billion members at least a billion of them are fake.
Advertisers have an excellent case to scream fraud.
When you’re a rich entity like Amazon and Facebook and your “friends” are Democrats in Congress you might want to reconsider the friendship if you want to save your fortunes!
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