Agreed. Long overdue for a correction. Could be another 10% down before it's finished.
Always helps to remember that the stock market is one place you can gamble while wearing your favorite pajamas.
Pharma bugs me. POTUS mentioned Right to Try in SOTU, and said drug prices will be coming down.
Right to Try let patients pick a drug choice even if it's not through the FDA pipeline. I think they are having a hard time cleaning out the FDA, and that there are inexpensive cures in the pipeline a corrupt FDA (bought by big pharma) won't approve.
What really complicates this is the 21st Century Cures Act, which I thought was boon for big pharma. Obama signed it December 2016.
See also: sunscreen.
Had a fascinating discussion with someone today who says CDC has purposely missed on the last two years of flu shots in order to usher in epidemic.
I would have said that was crazy a year ago. But the director of the CDC did just resign. (add that one to the list?)
This is an excellent article on the SACKLER family and the billions they've made pushing opioids.
Long but really worth the time.
http:// www.esquire.com/news-politics/a12775932/sackler-family-oxycontin/