Loading ...FYI Smith & Wesson dropped 30% Friday with a disappointing news report. It pays a div 1.77% ex div date 12/15, p/e of 3 already 12% above Fridays crazy low.
I wonder if the masters of the financial universe are using various covid and omicron news updates versus rate hikes for brake tapping the stock market indices. Even just fed news about possible rate hikes throws a chair in front of the monster.
You guys remember when the masters of the financial universe kept throwing chairs constantly in front of the gold and sill bull run 1970 to 1980? Very timid rates went from like %5 to 21% always behind the curve, before that brake tapping finally kicked in.
“What are we stupid? We can get an 18% CD or 16.8% on a thirty-year US bond with no call back provision.” The whole system was very scary back then. They got lucky.