The Faangs Bring Lost $1 Trillion Inwards Marketplace Put Cap (The Wing Blames Cramer)

During 1 of the large downward days inwards September 2008 1 of my senior partners looked at me in addition to said he had personally dropped a 1 yard 1000 inwards the preceding sixty minutes in addition to I, always the unsympathetic smart-ass math whiz, responded "And if yous annualize that..." exactly that wasn't where he was going. He was laughing in addition to said "Hell, I never idea I'd bring a large plenty pile to lose a 1 yard 1000 dollars an hour."

The Fly makes a like betoken here. If the FAANG bubble hadn't been in addition to thus slow to purchase into it wouldn't bring gotten large plenty to autumn yesteryear a trillion these yesteryear few weeks.
This was pre-market (note timestamp)

From The Fly at iBankCoin:

Tue November 20, 2018 8:52am EST
FAANG Stocks Down $1 Trillion inwards Market Cap Since Peak

It was all fun in addition to games until yous lost a trillion dollars inwards an asinine acronym based investment plan. Blame Cramer — he started this shit alongside FANG. How many people got lured into those stock predicated upon the marketability of its catchy acronym? I bet a lot.

Thusly, losses are exaggerated to the downside, peculiarly for mega cap tech, because of investor concentration.

Market capitalization losses since their 52-week highs:

Facebook: $250 billion
Amazon: $255 billion
Apple: $222 billion
Netflix: $63 billion
Alphabet: $155 billion

As presently every bit the marketplace opens, losses would bring exceeded $1 trillion since the top.

Here's the latest from Le Fly: 

Tue November 20, 2018 11:53am EST
NOT BUYING THIS SHIT