Ghost of Igloi wrote:
Sure and then the.....
https://www.zerohedge.com/news/2018-05-04/faangs-swallow-record-amount-nasdaq-goldman-issues-warning
Gee, that sounds really frightening!
Try this on for size: some of us have been smart enough to realize the potential in paradigm changing companies like Apple, Facebook, Netflix, Google, Amazon. And those investors have been handsomely rewarded. Having large unrealized gains to loose, should it come to that, is a nice position to be in.
The reality is, any downturn in a stock like Amazon is a field day for the bulk of investors who want to own it more than anything, they just can't justify buying it at an all time high. So they pour in at the slightest downturn, thereby ensuring that a significant drop is highly unlikely.
Tell me one person now who wouldn't want to be overweight in those high fliers if it meant having bought them long ago, not to mention how they have benefited the larger market by the fact that they make up suck a large relative portion to the major indices.
But don't let me detract from your Zero Hedge doomsday scenarios.... And if Goldman Sachs was worried about downturns, how is it that they are moving to a BitCoin trading desk? Talk about major downturns!
Get real.