This is why it ain't good whenever the entire market gets dominated by a handful of stocks--or a single stock, in this case. The Justice Dept. has initiated an antitrust investigation; as a result, NVDA lost over $250 million of market cap while the S&P & NASDAQ indexes plunged today. Bad juju.
Also an example of the old saying "never put all your eggs in one basket." There are no exceptions to the rule, ever.
It's even affected metal prices:
Gold went below $2,500/oz today. What a drop! It's still not bad given the last five years... If it drops to $2,400 or less, that may be time to buy.
Also - I need to buy some garlic...section & peel it, then toss the clove segments in the pickling jar.
TheMiamiDeSantos
gold? no, thanks, but SP500 is having an interesting % off, i did sell all i had of sp500 after it had the boom after trump survival, but soon i will be back to it, but my vision of what goin on in america is a little blurry since brazil is a bit far from it, do you think it will lower down a bit more significantly during this september?
ShadenLines (Updated )
Hey, it's good that you have an eye on it. The S&P & the NASDAQ are the only indexes I check regularly. Fuck the Dow...as an index, it's next to useless.
Right now a lot depends on what the Federal Reserve will do. Figure the official interest rate goes down by 25 basis points...some people are expecting the Fed to knock it down by 50, but I don't believe they'll go that far. The S&P & NASDAQ should benefit from that....
If the S&P does rise in value this month, it won't be by a lot. Quite a few investors are being cautious, what with the gonzo election year we're having, the ongoing Near East turbulence, etc. This includes the big institutional investment firms, too.