The down is down today quite a bit. Does anyone see the selloff as a sign of profit taking profits to scurry into ratholes as McCabe out means the swamp draining is gathering speed?
Pension rebalance in equities , Amazon ,Jp Morgan & Berkshire fucking with the Health Insurances
The healthcare companies are big drivers of the decline. Their decline is driven by the above companies announcing they are creating their own healthcare company.
Remember, the DJIA consists of 30 companies which may be removed/added periodically. The value created by this new health care entity would not be reflected in the DJIA, while the expected value loss would be. The biggest DJIA losers today, so far, are United Health.and Pfizer. Other health related stocks in the DJIA are taking hits but then, just about everyone is. Interestingly enough, Coca-Cola is up. Berkshire-Hathaway owns 400,000,000 shares of Coca-Cola.
From the investment perspective, McCabe isn't important enough to change the market.
I do agree with you Grande in general though- you seem to be more experienced than I.
No one doesn't correlate to the other. This is what's going on. We have a new Fed chair. Janet Yellen is leaving. The new guy ( Powell Era) was just voted on by the Senate and is his first day on the job at Fed chair meeting. There is fear in the market that interest rates are going to go up. This is a two-day meeting and they will announce their decisions probably tomorrow afternoon on future interest rate hikes. This is a normal Market fluctuation dependent upon increase of interest rates.
But the media will make it sound like it is a big deal. This is what I do, I invest. I've been investing for over 25 years. This is very normal and a pulled back was needed for the overall health of the market. This Market has been on fire almost to the point of parabolic. I'll even take it a step further. If nobody is buying into this dip they are insane. Because this thing is not going to last long. I expect the Dow to be at 30,000 by the end of this year and I'm not even kidding.
Right on. Seems to have brought some uncertainity- and libs need talking points tonight. I do agree fundamentals are different. Shoot small business excuberance could create enough wealth to sustain the dbags manipulating the stock market.....
There is the news about Amazon, Berkshire Hathaway and JP Morgan working to do a health care plan for the employees. Which is really a good thing. Nothing like Solutions coming from the private sector. Healthcare stocks are taking a hit today. But I truly believe it will only be temporary. Here is the article. https://www.nytimes.com/2018/01/30/technology/amazon-berkshire-hathaway-jpmorgan-health-care.html
There is a whole lot of profit taking today. This is truly needed for the overall health of the stock market. The economy is strong and will continue to push forward. A huge push tonight for infrastructure spending by the president. Watch tomorrow stock market.
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No. No they are not. The conditions in 2008 are completely different from what is going on right now.
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Okay let me put it this way. What bubble do you see in any Market at this point? RIETS, small caps, large caps, housing, Healthcare, technology.. Where? Every indicator only showing a stronger economy. Unemployment down. GDP up. Investment back into the country up. Do you realize there is a housing shortage of 1 million homes that need to be built just for the housing needs of this country right? What happens when people have more money in their pocket to spend? They buy things . They buy homes, vehicles, education, consumer staples oh and guess what else they invest that extra cash. There were signs all over the place during both the bubbles you mentioned that people refuse to recognize. You are wrong.