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The only thing that can save the market is Amazon blowing out earnings and the news of the EU/US trade deal shooting other parts of the market upwards. If for some reason Amazon doesn't beat then things could get dicey.
Agreed. Zuckerberg realized there's a limit on how far facebook proper could go which is why he has been buying up small companies to diversify.
I wouldn't be surprised if Amazon did beat predictions, but I'm not sure why you think tech is so much more vulnerable than the overall market? Unless I am misunderstanding
The Dow and S&P have been very shaky since the turn of the year. Its only the Nasdaq (fueled primarily by the tech giants) as well as the rise of WTI from the mid 50s to mid 70s (which has somewhat reinvigorated energy sector) that has kept the market from a major correction.
Well I think the moronic tariffs are going to make the economy overall more shaky but I think the tech giants can come out of that better. As I said I think Amazon is going to keep growing
Not sure if I would have much confidence in their long term prospects at this point. We are in year 10 of the business cycle and are due a massive pull back at some point. That might be the time to consider an entry point.
Good point. My father keeps saying that. Maybe I'll get a GIC and break it early if the market crashes. Decisions decisions
The last bit isn't likely since they still own the other companies...which they aren't ever going to sell (why would they).
Good luck with that.
First you curse at me for wishing for an earlier recession to get rid of Trump, then you suggest something that’ll not only result in a recession but likely a meltdown.
Just substitute this post with the same thing I said beforeFirst you curse at me for wishing for an earlier recession to get rid of Trump, then you suggest something that’ll not only result in a recession but likely a meltdown.
In that case, same to you.
There are a few here - https://www.investopedia.com/investing/top-marijuana-stocks/
They've already passed Google....and are nipping at the heels of Apple. Both are quickly nearing 1 trillion in market cap.
Yeah, I know. They were half the size of Google just two years ago, and now are ahead of them despite Google's incredible growth. Wouldn't be surprised at all if they pass Apple this time next year, if not sooner.
Pretty sure that Facebook is here to stay too. They have bought their rivals, and they have one of the top teams in the world when it comes to Machine Learning which is becoming (if not has already become) the most important thing on the tech.
Yes incredible growth. This was a $400 stock only 4 years ago.
[Mike Schatner]They treat their workers very well, I know because my son works there.[/Mike Schatner]
Depends which one of them. Those that are really doing the tech thing are actually treated like kings, those in low roles are treated extremely bad, with some of the stories being totally shocking. I know plenty on the first category, and no-one in the second category though, so not sure how accurate are those stories.
Agreed. Short of being broken up for being a monopoly they are going to continue to thrive, especially since they have diversified with all their one off acquisitions.
Cheers. I'll have a sniff.
Yeah, I can see there being more downs than ups over next year or two but I think there'll be a lot of innovation in terms of how we'll use it. For example, I read yesterday that a Canadian company has brewed their first and maybe thee first ever cannabis beer.
143 billions now. He was less than 100 billions by the end of last year.
He cracked 150b a week or two ago. This should push him above that mark.
It's still illegal on a federal level so I don't see how they could.
