"To finish, James Surowiecki at the New Yorker finds an ounce of method in the financial madness. Why have the likes of Amazon and Netflix lost more share value than the average US stock? The answer, he submits, is that these are companies whose valuation depends on their promise of making significantly more money over the long term than they are today. So even a slight downgrade in investors’ hopes for economic growth — which a huge emerging markets financial crisis could easily induce — would justify a big adjustment in the most future-heavy companies’ value."
'via Blog this'