But if they pop: There are only so many trillions that can vanish from portfolios before it triggers a recession.
Trillions of dollars fly by so fast they’re hard to see. By now, 11 US companies have a market value of $1 trillion or more. Combined, they have a market cap of $29 trillion.
Walmart [WMT] was already in the $1 trillion club for a few weeks, if barely, but recently fell off the wagon. If we add Walmart back into it, the 12 US companies have a market cap of $30 trillion – roughly 43% of the total market capitalization of all S&P 500 stocks.
During that little dip from January 28 to March 6 this year, the combined market value of…
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