As far as I'm concerned, here is a better sign of where this market is: Apple Inc - whose reported Equity as of 3/31/2024 was $74.2 billion (see finance.yahoo.com) - announces a $110 billion buyback, which at its current price will result in approximately 4% of the shares being bought back and the remaining 96% of the shares owned by the continuing shareholders will possibly own 100% of a deficit Equity. If you do the math of how much of that $74.2 billion Equity per share is owned by all the current shares before the buyback (approx. $4.84 per share), you will realize that $107 billion of the $110 billion reduction in total Equity is "cash" Equity, the most real of book-values, owned by the former 96%, that now are so lucky to own 100% of possibly $0 of Equity!! Oh, and because there has been a buyback, of course the Market should bid up the price of Apple - or any other stock that does a buyback, which is the Market's normal reward to the ignorance of those remaining shareholders, exhibited by the remaining shareholders failure to sue managements failure of its fiduciary duty to them!!!!!!!!!
I’m waiting for the meme of a gamer sitting back into the original position
Here are the comments you removed:
As far as I'm concerned, here is a better sign of where this market is: Apple Inc - whose reported Equity as of 3/31/2024 was $74.2 billion (see finance.yahoo.com) - announces a $110 billion buyback, which at its current price will result in approximately 4% of the shares being bought back and the remaining 96% of the shares owned by the continuing shareholders will possibly own 100% of a deficit Equity. If you do the math of how much of that $74.2 billion Equity per share is owned by all the current shares before the buyback (approx. $4.84 per share), you will realize that $107 billion of the $110 billion reduction in total Equity is "cash" Equity, the most real of book-values, owned by the former 96%, that now are so lucky to own 100% of possibly $0 of Equity!! Oh, and because there has been a buyback, of course the Market should bid up the price of Apple - or any other stock that does a buyback, which is the Market's normal reward to the ignorance of those remaining shareholders, exhibited by the remaining shareholders failure to sue managements failure of its fiduciary duty to them!!!!!!!!!
My comment is an elaboration of the logic provided in this pdf link found in the header of the website BuySellDoNothing.com: https://www.buyselldonothing.com/image/catalog/230828%20Investing%20Without%20Risk%20-%20an%20IMPORTANT%20UPDATE%20TO%20OUR%20RECOMMENDATIONS.pdf
My previous comment is an elaboration of the logic provided in this pdf link found in the header of the website BuySellDoNothing.com: https://www.buyselldonothing.com/image/catalog/230828%20Investing%20Without%20Risk%20-%20an%20IMPORTANT%20UPDATE%20TO%20OUR%20RECOMMENDATIONS.pdf
Sorry, I removed your earier comment by mistake.