BREAKING: The 15 largest S&P 500 stocks now account for a record 46.7% of the index’s market value.
By comparison, during the 2000 Dot-Com Bubble, the 15 largest stocks accounted for 27.2% of the S&P 500.
The remaining 485 stocks represent just 53.3% of the S&P 500’s market cap.
This comes as Nvidia, $NVDA, Apple, $AAPL, Alphabet, $GOOGL, and Microsoft, $MSFT, account for 7.5%, 7.1%, 5.9%, and 5.6%, respectively, or 26.1% combined.
This means just 4 stocks account for more than the next 11 combined.
Furthermore, the combined market cap of the 5 largest stocks now equals that of the bottom 434 stocks in the index, the largest gap on record.
Market concentration is at historic extremes.
Probably because you asked a stupid fucking question.
Ukraine chose Starlink because fighting a war requires fast, reliable communications with low latency, and connections you can deploy wherever your forces need them, and there’s quite literally nobody else in the world who offers anything that would work in rural Ukraine.
Can you imagine trying to upload a target package containing gigabytes of information over some rural connection with a maximum upload speed of 1 Mbps? Saying it would take anywhere from 12 to 24 hours isn’t hyperbole.
And before you go there, spare me the bullshit that Elon or Starlink didn’t know Ukraine was using the service. He’s talked about it, tweeted about it, and donated the service early in the war.
Now I’m supposed to believe suddenly cutting off their most vital tool in the war has nothing to do with Trump playing footsies with Putin over 3 days worth of fucking diesel? Fuck off…
Better not read the Bible, then. 🙄
This is the dumbest shit I’ve ever heard. It’s precisely why more and more people are turning away from the church, because far too many people like Allie turn it into a cartoon.
The Bible does not command anyone to never have fear. That’s just dumb. Courage is being afraid, and doing it anyway. The Bible is FULL of stories of courage, where people were terrified of what may come, but got it done anyway.
You think David wasn’t fearful before taking on Goliath? Queen Esther? You think she wasn’t scared when she risked her life to approach King Xerxes uninvited, an offense punishable by death, to expose Haman’s plot. You think she wasn’t terrified? You think Abraham wasn’t afraid when he was asked to sacrifice Isaac? You think Isaac wasn’t afraid for the rest of his life anytime his father asked him to go on a walk?
I am begging people like Allie to use some common sense. Otherwise you’re just turning more and more people away from Christ, and honestly, I can’t blame them.
I’m not done…
The Bible does not command anyone to never have fear. That’s just dumb. Courage is being afraid, and doing it anyway, and the Bible is FULL of stories where people were terrified of what was coming, but did it anyway.
You think David wasn’t fearful when taking on Goliath? You think Abraham wasn’t afraid when he was asked to sacrifice Isaac? You think Isaac wasn’t afraid for the rest of his life anytime his father asked him to go on a walk?
I’m begging people like Allie to use some common sense. Otherwise you’re just turning people away from Christ, and honestly, I can’t blame them.
Better not read Revelations, then. 🙄
This is the dumbest shit I’ve ever heard. It’s precisely why more and more people are turning away from the church. It’s because far too many people like Allie turn it into a cartoon.
The Bible is full of stories where people are slaughtered. Better not read Matthew, Numbers, or Samuel either.
If you’re advocating for socialized medicine, I sincerely hope you or a loved one gets cancer while they’re on Medicare.
There is zero fucking recourse when government funded insurance makes decisions that put you or your loved one in danger, for no other reason than because they can.
Every single time government gets involved, shit gets more expensive, quality of care plummets through the goddamn floor, and patients pay the price, physically, figuratively, and literally.
At least we’re not in Canada where my 92 year old grandmother’s cancer treatment would come down to whether or not some faceless bureaucrat who’s never met my grandmother thinks she has enough years left to justify the expense.
Fuck cancer.
Now we’re arguing property rights. Lol
You’re talking yourself in circles & it’s quite humorous.
I already own my land. I hold the deed. I paid the tax when I bought it. Now you want to tax it in perpetuity based on unrealized gains, money I haven’t made on property I haven’t sold.
@amablue_@anotherryan00 Because you do not understand what land ownership is.
You literally just made the argument that people should have to outbid others on their own fucking property. Lol
You’re a parody.
@amablue_@anotherryan00 You’re suggesting people buy their own property? Lol
Again, I’m not sure you understand the difference in land ownership, and renting land from government.