Companies with stock prices at $500, $800 or more per share are suddenly planning stock splits to squeeze even more wealth out of the public. There are less than 30 stocks that fit this description but it has meaning for the whole market. Demand is down, 95% chance because of a global recession and pending market crash, and splits are an easy temporary way to theoretically increase buying. Lower share prices mean poor/frugal investors are more likely to purchase it. But its possible for a sell off to start if enough people connect the split to lower demand and a lower price in the near future.
Jim cramer said splits are cosmetic and should not be the reason to buy. And I say that if people really want to keep buying, the split would not happen, so beware.
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