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A comment on U.S. tech stocks are now worth more than the entire European stock market. Parent comment

Re:U.S. tech stocks are now worth more than the entire Europ... by hogFeast on Friday August 28, 2020 @01:40PM (#24307710)
And Microsoft multiplied their profits a few times between 2000 and 2010 while their stock dropped 75%.

Valuations are important. Valuations are affected by the monetary policy/liquidity cycle. And Google's valuation is growing faster than any rational measure of economic value.

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Re:U.S. tech stocks are now worth more than the entire Europ... by nightski on Friday August 28, 2020 @02:20PM (#24308277)
No, it dropped 75% in 2000 due to the dot-com bubble. If you started in 2001 you actually had a 60% gain by 2010.
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Re:U.S. tech stocks are now worth more than the entire Europ... by hogFeast on Friday August 28, 2020 @06:54PM (#24311289)
January 2000 - $60 January 2010 - $30

I did just eyeball it from a few months before. And note, I said 2000...not 2001. And even at the end of 2001, it did nothing for a decade plus.

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Re:U.S. tech stocks are now worth more than the entire Europ... by nightski on Friday August 28, 2020 @07:45PM (#24311732)
Stocks split. You can't just look at price. They also pay dividends.
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Re:U.S. tech stocks are now worth more than the entire Europ... by hogFeast on Friday August 28, 2020 @10:45PM (#24312921)
What? Any price history you look at is going to be split-adjusted. And okay, you got a $1 of dividends...you only lost $29/share out of the $60 you invested.
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