I will have to read "Not My Grandfather's Wall Street." Another book you would enjoy if you haven't already is the classic "Barbarians at the Gate: The Fall of RJR Nabisco."
Microsoft Corp.'s stock (MSFT) plunged 8.5% in active morning trade, wiping away about $38 billion in market value and cutting the Dow Jones Industrial Average's gain in half, in the wake of . Volume topped 35 million shares within the first 45 minutes after the opening bell, compared with the full-day average of of 26.4 million shares. The stock on course to suffer the biggest percentage decline since it tumbled 9.3% on Jan. 27, 2015, which also followed disappointing quarterly results. With about 7.91 billion shares outstanding, according to FactSet, the price decline of $4.75 was erasing $37.57 billion from its market cap. The decline was also shaving off about 33 points from the Dow, which was recently up 22 points.
Today shows how misleading and undiversified the traditional sp500 can be...a few big names in the index got slammed today so the index is flat.
I've read the top 10 names in the sp500 determine 90% of its return or something like that.
The equal weighted sp500 is up 0.6% today.
pretty good day - oil up too.
Hate to say it but the only regular poster on this thread who has any friends is agip.
Say wha? wrote:
You have friends?