8 of world's 10 biggest companies are american
Here is something I never posted about, I am sure I mentionned it but did not allocate more than 1 line to it.
Here is the top 10:
Apple
Alphabet
Microsoft
Amazon
Tencent Holdings (social media, microtransaction infested mobile games, league of legends moba, etc)
Berkshire Hathaway (Warren Buffet financial holding company)
Alibaba
Facebook
JPMorgan Chase
Bank of America
Mainly famous names, except perhaps the 2 I described between parentheses.
Let's look at the past.
Back in 2007 the super high market cap podium was full of european companies.
etc...
Back in 2000 if you do not know already, the uber-cap were the overvalued "infinite productivity" revolution us tech stocks.
Back in 1990 the uber-cap club was full of Japanese companies (Satoshi...)
In 2018 8 of the world's 10 biggest companies by market cap are american...
I wonder what could go wrong?
BITCONNNEEEECT!
Forums & social networks are full of bagholders reassuring each other, and "buying more" and "selling my house to buy the dip this company is extremely undervalued". RIIIIIIIIIIIIIIP. Just go take a look.
Here is the top 10:
Apple
Alphabet
Microsoft
Amazon
Tencent Holdings (social media, microtransaction infested mobile games, league of legends moba, etc)
Berkshire Hathaway (Warren Buffet financial holding company)
Alibaba
JPMorgan Chase
Bank of America
Mainly famous names, except perhaps the 2 I described between parentheses.
Let's look at the past.
Back in 2007 the super high market cap podium was full of european companies.
Back in 2000 if you do not know already, the uber-cap were the overvalued "infinite productivity" revolution us tech stocks.
Back in 1990 the uber-cap club was full of Japanese companies (Satoshi...)
In 2018 8 of the world's 10 biggest companies by market cap are american...
I wonder what could go wrong?
BITCONNNEEEECT!
Forums & social networks are full of bagholders reassuring each other, and "buying more" and "selling my house to buy the dip this company is extremely undervalued". RIIIIIIIIIIIIIIP. Just go take a look.
Rank Company Nation Revenues (in billions of US dollars)
1 Walmart US $500
2 State Grid China 348.9
3 Sinopec China 326.9
4 China Natural Petroleum China 326
5 Royal Dutch Shell Netherlands 311.8
6 Toyota Japan 265.1
7 Volkswagen Germany 260
8 BP UK 244.5
9 Exxon Mobil US 244.3
10 Berkshire Hathaway US 242
The future was in energy 500 years ago, and it is in energy now too.
Biotech next imo.
Overvalued techstock ponzis fell by 25% in 1 month? Just shows what is to come.
Wave 3 is never the shortest...
RIP bagHODLers.