Wednesday, November 21, 2018 6:35:53 PM
The Santa Claus Rally Left Town
"Nevertheless, real sums have started to evaporate. And much of it happened with the biggest stocks in so-called tech. The seven FANGMAN stocks – Facebook, Amazon, Netflix, Google’s parent Alphabet, Microsoft, Apple, and NVIDIA – got hosed today. Again...
It gets costly when the entire market depends on a handful of over-hyped mega-caps."
Wolf Richter, Wolf Street
"Nevertheless, real sums have started to evaporate. And much of it happened with the biggest stocks in so-called tech. The seven FANGMAN stocks – Facebook, Amazon, Netflix, Google’s parent Alphabet, Microsoft, Apple, and NVIDIA – got hosed today. Again...
It gets costly when the entire market depends on a handful of over-hyped mega-caps."
Wolf Richter, Wolf Street
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