The Express Train to Insolvency

by Gary Christenson
Gold Seek

Wolf Street divides the stock market into the “Giant 5” (Apple, Microsoft, Amazon, Alphabet, and Facebook – total market cap = $6.6 trillion) and the remaining Wilshire 3,410 stocks. The Dow hit a post-crash high on June 8, and is lower as of July 10. But the “Giant 5” have surged 14% since June 8. The Wilshire 5000 minus the “Giant 5” is down 10.9% since the February peak. Those five tech stocks caused the bubble and the new NASDAQ highs. Look out below when they crash. Examine Tesla. Does the stock price suggest a bubble?

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