How much longer will this bear market go on for?

talexuser

Gosh, I never guesed a few % points down were the end of the world. Are a few % points up the signal that global warming has stopped?

Type_45

talexuser said:

Gosh, I never guesed a few % points down were the end of the world. Are a few % points up the signal that global warming has stopped?

Meta/Facebook is down -73.5% YTD.  That is about $800 billion.

Swipe

Type_45 said:

No wonder Jim Cramer was crying on TV recently having advised people to invest in these stocks. 

And still the Nasdaq 100 is only down 36% from all time highs.

Type_45

Swipe said:

Type_45 said:

No wonder Jim Cramer was crying on TV recently having advised people to invest in these stocks. 

And still the Nasdaq 100 is only down 36% from all time highs.

Only -36%!  'Tis but a flesh wound!

Swipe

Type_45 said:

Swipe said:

Type_45 said:

No wonder Jim Cramer was crying on TV recently having advised people to invest in these stocks. 

And still the Nasdaq 100 is only down 36% from all time highs.

Only -36%!  'Tis but a flesh wound!

Only -44% to go before year end

Nebulous2

Type_45 said:

Swipe said:

Type_45 said:

No wonder Jim Cramer was crying on TV recently having advised people to invest in these stocks. 

And still the Nasdaq 100 is only down 36% from all time highs.

Only -36%!  'Tis but a flesh wound!

How much is that in UK pounds? 

Gary1984

Tech is not the whole market. And Facebook are facing challenges specific to them. Mainly they've invested tens of billions into the Metaverse which looks to be an ever shitter idea than it originally sounded.

Why show the Meta share price anyway as opposed to say, Shell?

Type_45

Gary1984 said:

Tech is not the whole market. And Facebook are facing challenges specific to them. Mainly they've invested tens of billions into the Metaverse which looks to be an ever shitter idea than it originally sounded.

Why show the Meta share price anyway as opposed to say, Shell?

Shell is up +2.3% in the past 5 years... There, I've mentioned them.



Anyway, I was mentioning Meta as they are a Big Tech company.  And Big Tech was the focus of my point.  Shell is not a Big Tech company.


Microsoft is down -36.3% YTD.

Alphabet/Google is down -42.3% YTD.

Apple is down -21.8% YTD.

Amazon is down -46.4% YTD.



These aren't challenges "only Facebook is facing".  Far from it.

Prism

These companies are pulling in over $1trillion per year between them and generating vast profits. I'm not sure they see any challenge at all. 

Millyonare

There is obviously fear that Facebook has made a gigantic blunder with its cartoon metaverse, Amazon has recklessly overexpanded its online retail network, Google is at peak-search adverts, Microsoft has saturated the business world, while Apple may get caught up in the US-China proxy-war. What comes after the social megatech era is not clear. Tesla humanoid robots, perhaps.