Saturday, February 3, 2018

Google Alert - Financial Markets

Google
Financial Markets
As-it-happens update February 3, 2018
NEWS
Tough week, tough day, and no way to sugar-coat. Long-term rates have broken out the top of five years of all-time-low rates, and only the stock market in free-fall has limited the rate damage. Mortgage rates today are 4.50% and may wander here temporarily before rising toward 5.00%, soon. The speed ...
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3 Possible Reasons Why the Stock Market Tanked Friday ... The sharp declines came just two days after January trading capped off the best monthly stock performance since March 2016. This week is now the worst in two years. Here are three reasons why the market is tanking Friday afternoon.
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My general view is that the purpose of financial markets is to find stuff out about companies and then incorporate that stuff in the price, which puts me mostly on one side of "the debate over how (or whether) securities law should regulate informed trading activities." It is tempting to take the same side here ...
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And the stock's market cap may stand at a beefy $482 billion nowadays, making it one of the largest stock-based investment targets in the world, but those shares still look affordable at 28 times forward earnings. That's not a lot for a company sporting the fantastic growth rates you see in the table above.
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