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. As I mentioned before, this is why itβs possible for Simple YES or NO poll Do you believe Trump Will Emerge The Winner Of The 2024 Presidential Election T Shirt to beat Q3 2021 guidance and still have their stocks go down the toilet. Itβs no surprise that the companies which are more speculative (with no revenues and cash flow to back up their valuations) get destroyed first, and then the mid-caps, and then the more solid companies with the revenues and cash flow to back up their valuations (e.g. Tesla, Google, and Facebook)? In fact, the large and mega-cap companies (or βliquid leadersβ) are typically where large hedge funds and financial institutions βhide and take shelterβ when they notice that something is wrong and a bubble is inflating. And so, they slowly start to move from more speculative names to the βsaferβ and large-cap names.
