This will be a record clusterfuck for the most corrupt generation in U.S. history. Facebook provided an example of what happens when a mega cap Tech stock loses its bid. Now picture all of mega cap Tech losing its bid at the same time. Think it can't happen? It has twice this year already, at this exact same point in the earnings cycle. As we see in the lower pane however, there was a tad more support previously:
Tax cuts paid for with inter-generational plundering are being used to further enrich massively overpaid corporate insiders. Social Security deductions are stolen from paychecks and directed to the rich, while corrupt apologists say that Social Security is insolvent. Only in the U.S. would a deduction from your paycheck be called an "entitlement". The Republican party has morphed into the biggest organized crime syndicate in the history of the world. Suffice to say that none of them will be laughing when this all explodes with extreme dislocation, because this rampant corruption has led to record mega cap index concentration. And correlation:
corporate share buybacks have dwarfed earlier records. In Q2 alone, corporations purchased a staggering $436.6 billion in stock buybacks"