Re:$3.4T has been wiped out of the stock market in a week
by alpineidyll3 on Friday February 28, 2020 @05:34PM
(#22447042)
To use 'wiped out' to describe market price changes doesn't really help people understand why this happens. It's this type of thinking which has killed interest rates, and has grown wealth inequality.
A better headline would be: "Demand for equity in companies with flat earnings potential returned to levels seen earlier in the year."
The subheadline would be: "speculative purchases banking on buybacks issued with cheap debt financed with promised rate cuts temporarily paused"
The sub-sub-headline would be: "CEO's plan aggressive debt financing to secure bonuses tied to stock price, not performance."
A better headline would be: "Demand for equity in companies with flat earnings potential returned to levels seen earlier in the year."
The subheadline would be: "speculative purchases banking on buybacks issued with cheap debt financed with promised rate cuts temporarily paused"
The sub-sub-headline would be: "CEO's plan aggressive debt financing to secure bonuses tied to stock price, not performance."