alt Hacker NewsIf someone sells the stock, someone else buys it. The value is still the net present value of future earnings. This is a redistribution of wealth, not a decimation. The wealthy can still earn more if they want to.
If someone sells the stock, someone else buys it. The value is still the net present value of future earnings. This is a redistribution of wealth, not a decimation. The wealthy can still earn more if they want to.
When market cap goes down because overall valuation does, what do you think is happening?
Valuation hasn’t been tied or related to earnings for top stocks in at least a decade.
It isn’t ’wealth redistribution’.
Removing half or more of market demand isn’t going to be pretty.