Tech giants lost more than $1T in value in the last 3 trading days | Hacker News Reader

Tech giants lost more than $1T in value in the last 3 trading days

cnbc.com

> Investors now have less interest in what drove business during a strong bull market in recent years, including during the pandemic, and are now pushing more money toward safer pockets of the market

> Apple, the world's most valuable public company, has shed $220 billion in value since the close of trading on Wednesday

It's like a puryfing rain to wash away all the financial sins of the past 13 years.

The valuation was never rooted in reality. Are the price/sales ratio back down to reasonable yet?

Pension funds dumping their tech investments?

Sector rotation based on the macro. Capital fleeing to asset classes with more favorable risk adjusted returns in a rising interest rate (with possible stagflation) environment.

> Capital fleeing to asset classes with more favorable risk adjusted returns in a rising interest rate

Which markets, care to ellaborate?

Energy, Consumer Staples and Utilities from my research.

Also commodities.

Wouldn't utilities (famous for their large dividend distributions) get creamed in a rising interest rate environment?

Electricity and gas are typically non discretionary spending.

No question but utilities' distributions have to compete with higher treasury yields so that would be pushing downwards pressure on their prices.

Actually in a tight money environment I don't really think there is a place to hide. Bonds and stocks are both likely to decline across the board. Cash and gold might be the best refuge.

Looks like the bubble is finally popping.

It’s not a bubble. This is seasonal.

> “Sell in May and go away” is an old Wall Street saying that suggests investors sell their stocks during the summer to avoid a seasonal decline in the stock market.

I heard an economist say exactly what you wrote, that there's always a seasonal dip in the prices of stocks at a certain time of the year, it's expected.

Bullshit. There are no seasonal drops in stocks, the only season is bull season or bear season.

It is more like media and the elite manipulate public's perception and sentiment to profit from fluctuations.

They barely make it work on their balance sheet. And risk adjusted? Those media manipulators get fucked.

Everyone's getting fucked in this bear market. Well there's survivors, the cockroaches, literally the cockroaches in apartment buildings are have a bright future, whereas the tenants might get shuffled around, musical chairs with empty apartments getting taken out of circulation, like chairs in that brutally honest game.

Pretty sure this holds no water if you observe past trend lines. Even if it did, the %s being lost right right are significantly higher than in any recent year. But hey, it rhymes.

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