Here's a perfect example of what is driving this:
Facebook (NASDAQ: FB)
12/27/18 Opening Price: $132.44
Market Capitalization: $377.90 billion
Dividend Yield: N/A
There you have it, folks ... A U.S. company that has never paid a single penny in dividends is somehow worth nearly $400 billion? This stock market decline is a case of fixing delusions, for the most part.
P.S. -- Facebook probably doesn't have 2.27 billion monthly users like they reported for the third quarter of 2018, either. It's only 2.269999995 at most, since six of these users are ME. :-P
Trump is right about this.
Bull crap
Jerome Powell is the only FED chairman in the history to come out and say US economy is heading toward recession after a very good stock market run and purposely after the election. He raised the rate 3 times. Making me feel like he did it in a mission to tank the economy. And how long he has been in the position? If you look at the damage, he has to resign.
S&P dividend yields have been around 2% for the past 30 years.
The market clearly reacted to Powell's unfortunate and anticipated comments about raising interest rates.
Great information!
More bubbles to burst while a few profit from selling short.
The rise interest rates hurts GDP and hurts Main Street which is no concern to globalist Free Traitors™.
The stock market decline has a lot to do with public pension funds.
Another reason for Trump to be greatly concerned.
I have to wonder how the hell it ended up making 5 billion per quarter. THAT is a lot of money for a virtual company that doesn’t require heavy investment.