tech stocks worth more than the ENTIRE European stock market,

Good find. That is fascinating.

For all its faults, the US has a career path for genius Engineers and clever Scientists - we make millionaires and billionaires out of them. And there is no shortage of venture capitalists willing to take on enormous risks in order to seed new innovations.

Harris Brumfield, the Ten Year Note Pit and Eurex Screen Trading Superstar who bought Trading Technologies and grew it from the late 90's - that's what he does now. He seeds tech start-ups.
 
S2007S said:
Yep you read that right....US tech stocks worth more than an entire country's stock market.


  • U.S. tech stocks were now more valuable by market cap than the entire European market, according to Bank of America.
  • The European market was four times larger than U.S. tech in 2007, according to the note.



https://www.cnbc.com/2020/08/28/us-...re-than-the-entire-european-stock-market.html
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That sounds about right; Europe has too much tax/too much regulation.
I do like to get paid by late Friday/but BAC has little to do with that unless i'm in UPRO/LOL..............................................................................................
 
This is really eerie.

At the end of World War II, the US had a GDP equivalent to all of the other belligerent nations on both sides combined.

Europe has massive structural economic and systemic taxation issues.

This is what happens with the VAT and with high income tax rates. Investment and innovation just dries up. I read a paper published by the Milken Institute that estimated the EU shadow underground economy to be valued at $3T. Which sounds ludicrous. https://www.milkenreview.org/articles/the-curse-of-cash

The US and Switzerland are thought to have the smallest shadow economies at 7.1 and 7.9% of GDP. There is a common thread among academics that more reliable data is available for the US economy courtesy of the IRS. Apparently EU Countries don't publish the results of tens of thousands of randomized tax audits. The OECD cites figures as high as 17% for VAT non-compliance in the EU, but more than a few economists think that is probably low.
 
bone said:
Good find. That is fascinating.

For all its faults, the US has a career path for genius Engineers and clever Scientists - we make millionaires and billionaires out of them. And there is no shortage of venture capitalists willing to take on enormous risks in order to seed new innovations.

Harris Brumfield, the Ten Year Note Pit and Eurex Screen Trading Superstar who bought Trading Technologies and grew it from the late 90's - that's what he does now. He seeds tech start-ups.
More...

"Old Europe" is really lagging, the politicians are just trying to keep the population content and not upset any voter too much. It won't work in the long-term.
"New Europe" (EU countries after 2004 expansion) never had the size or time to develop properly.

Unless you're someone who likes a plain 9-5 job and a bunch of kids on government support, the EU is not for you. Most of the large companies have government contacts and have understood the grants game. The small startups don't have much of a chance as their attempts at bailouts tend to fail.
EU keeps trying to please the old industries which are unsustainable at the expense of new ones that will be taxed heavier to keep the old ones afloat. Same in US with General Motors and some others.

It has to be mentioned that many of the US tech companies have key bases in Europe and many products are actually the result of takeovers in EU (Google Maps was created by two Danes).
 
Great point.

Russia is home to some of the smartest Engineers and Scientists in the World. Dr. Loren Graham from MIT has some great YouTube videos on why Russia was never able to modernize itself to the extent of the West and take commercial advantage of the genius of its technological prowess. It turns out that there are important economical, political, and social factors that push technological innovation - technology by itself means very little.



d08 said:
It has to be mentioned that many of the US tech companies have key bases in Europe and many products are actually the result of takeovers in EU (Google Maps was created by two Danes).
More...
 
bone said:
This is really eerie.

At the end of World War II, the US had a GDP equivalent to all of the other belligerent nations on both sides combined.

Europe has massive structural economic and systemic taxation issues.

This is what happens with the VAT and with high income tax rates. Investment and innovation just dries up. I read a paper published by the Milken Institute that estimated the EU shadow underground economy to be valued at $3T. Which sounds ludicrous. https://www.milkenreview.org/articles/the-curse-of-cash

The US and Switzerland are thought to have the smallest shadow economies at 7.1 and 7.9% of GDP. There is a common thread among academics that more reliable data is available for the US economy courtesy of the IRS. Apparently EU Countries don't publish the results of tens of thousands of randomized tax audits. The OECD cites figures as high as 17% for VAT non-compliance in the EU, but more than a few economists think that is probably low.
More...
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That;
+ we remember the evil empire[Russian/98] bond default
I dont know why so many keep moving out of CA unless its too high taxes/too much gov regs/LOL:D:D:D:D:D:D:D
 
This latest US large cap tech bubble reminds me of the Japanese real estate bubble in the late 80s.

"In 1989, at their peak, prices in central Tokyo were such that the Tokyo Imperial Palace grounds were estimated to be worth more than all the land in the entire state of California"

The Japanese property market was worth four times more than the entire US property market


Tesla, if it isnt already, will be worth more than all the other car companies in the world combined.

AAPL is already worth more than all 100 companies in the FTSE 100 combined.
 
bone said:
Good find. That is fascinating.

For all its faults, the US has a career path for genius Engineers and clever Scientists - we make millionaires and billionaires out of them. And there is no shortage of venture capitalists willing to take on enormous risks in order to seed new innovations.

Harris Brumfield, the Ten Year Note Pit and Eurex Screen Trading Superstar who bought Trading Technologies and grew it from the late 90's - that's what he does now. He seeds tech start-ups.
More...

europe is still trading on its past.
America on its future. But that can change. China, India, and other countries are eager to keep their engineers and entrepreneurs.

I was at The Yale School of Management at a panel discussion. Some local politician was there and asked the students how many wanted to start a business. 90percent raised their hands. How many wanted that business to be in Connecticut, 5 percent. How many wanted that business in the US, 20percent. How many wanted to start a business in another country (presumably A high growth country): 70percent!

That’s the fundamental issue with America’s current immigration policy right now. It’s discouraging the brightest who were the backbone of America’s tech dominance from coming here, at a time when the home countries are offering ample opportunities.

It’s already happening. Ant financial is looking to do an IPO that will be bigger than Saudi Aaramco
 
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Massive bubble in just a handful of stocks: Apple, Microsoft, Amazon, Alphabet, Facebook, Tesla account for half of the Nasdaq 100 index value. P/E ratios for these range from 35.80 (Facebook) to 1166.02 (Tesla) as of August 28, 2020. All of the recent gains are due to multiple expansions. The average P/E ratio for the six stocks is at 240.96.

These are illusive paper profits. If Musk tried to cash in on his fortune, low float's Tesla fake price would collapse to perhaps $200. Not everybody can have a chair when the music stops, as it did in 2000.

Much of this manic bubble was enabled by the Fed. Dollar index at 28-month low. When priced in gold, Nasdaq 100 is actually flat for the last two years. Once the bubble bursts, it will be deep in the red.
 
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