U.S. tech stocks are now worth more than the entire European stock market

The growth in tech stocks has been pretty insane imo. It's so easy to be afraid though and call this another 2000, but we really don't know what the future holds.

I wish Europe had it's own set of exciting tech companies. That would be amazing. As a human living on this planet, the more things available to me, the better. Unfortunately, Europe doesn't seem to do much anymore. Google "European growth stocks". I want them back in the game.

Re: U.S. tech stocks are now worth more than the entire European stock market

#5

Post by ng12 » Fri, Aug 28, 2020, 5:21 PM UTC

baconandeggs wrote: post #3

U.S. tech stocks are now priced higher than the entire European stock market.

And I can use that price to turn my stocks into real, hard cash. It's not like it's funny money.

Re: U.S. tech stocks are now worth more than the entire European stock market

#6

Post by [deleted] » Fri, Aug 28, 2020, 5:23 PM UTC

Guzba wrote: post #4

The growth in tech stocks has been pretty insane imo. It's so easy to be afraid though and call this another 2000, but we really don't know what the future holds. I wish Europe had it's own set of exciting tech companies. That would be amazing. As a human living on this planet, the more things available to me, the better. Unfortunately, Europe doesn't seem to do much anymore. Google "European growth stocks". I want t…

[deleted]

Re: U.S. tech stocks are now worth more than the entire European stock market

#7

Post by baconandeggs » Fri, Aug 28, 2020, 5:24 PM UTC

Guzba wrote: post #4

The growth in tech stocks has been pretty insane imo. It's so easy to be afraid though and call this another 2000, but we really don't know what the future holds. I wish Europe had it's own set of exciting tech companies. That would be amazing. As a human living on this planet, the more things available to me, the better. Unfortunately, Europe doesn't seem to do much anymore. Google "European growth stocks". I want t…

The "growth" in tech has been entirely driven by monetary policy. Google or Facebook or Apple or Netflix or Amazon have done nothing special than what they've been doing for the last 5 years. I wish we were getting insane tech out of this bull run but the truth is there's no "innovation" behind it and their paper is just being used as a shield by investors which is why their stocks keep going up.

Re: U.S. tech stocks are now worth more than the entire European stock market

#8

Post by drwoland » Fri, Aug 28, 2020, 5:26 PM UTC

Guzba wrote: post #4

The growth in tech stocks has been pretty insane imo. It's so easy to be afraid though and call this another 2000, but we really don't know what the future holds. I wish Europe had it's own set of exciting tech companies. That would be amazing. As a human living on this planet, the more things available to me, the better. Unfortunately, Europe doesn't seem to do much anymore. Google "European growth stocks". I want t…

The sad thing is, at least in the UK start ups are often headquartered in the US to make it easy to chase valley VCs.

Re: U.S. tech stocks are now worth more than the entire European stock market

#9

Post by baconandeggs » Fri, Aug 28, 2020, 5:26 PM UTC

ng12 wrote: post #5

baconandeggs wrote: post #3

U.S. tech stocks are now priced higher than the entire European stock market.

And I can use that price to turn my stocks into real, hard cash. It's not like it's funny money.

Sure, but "hard cash" is funny money; that's why people investing in FAANG don't want it and prefer stocks.

Re: U.S. tech stocks are now worth more than the entire European stock market

#10

Post by DeonPenny » Fri, Aug 28, 2020, 5:26 PM UTC

Europe growth in the past 12 years has be pretty anemic for the past 10 years. Look at the GDP per capita growth of lets say germany and you get a real good idea of how mismanage their economy has been for the past decade so this doesn't surprise me.