Just like the wall of Jericho, great fortresses can fall. Even Warren Buffett's portfolio is vulnerable to losses, especially in what may appear to be a bear market. This week, third quarter report cards of some of the largest financial players are being dealt out, and investors are trading reactively. Statistics are being thrown every which way to elicit a favorable response in stock price, and those listening are adjusting the equilibrium based on the respective change in fundamentals. As we switch mentalities from a macroeconomic perspective to a microeconomic focus, all eyes are on earnings reports that have been lackluster so far. Today, sour reports from Netflix and Wal-Mart weighed on media companies and retailers likely recoiling from the information revealed. Overall, the Dow Jones Industrial Average dropped about 150 points or -0.92%, and the S&P 500 skidded -0.47% by the end of Wednesday. Wal-Mart, a leading loser today, fell a whopping -10.04% to hit almost $60 a sh...
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