A Trade For More Weakness
Yesterdays early weakness morphed into afternoon strength. When have we seen this before? Buy the dip, rope a dope, whatever you want to call it, these morning pull backs have been great buying opportunities.
I'm all for the free market. Let supply and demand dictate price, not 7 or 10 Economic book worms. But when the price of something becomes a life or death matter, it's tough to argue against some 'price fixing', at least from my perspective.
MYLAN's CEO is on CNBC defending the 400% increase in price for the Epipen while taking home an almost 600% increase in salary over the same time. I'd be curious to know what those actually producing the product have seen their compensation grow over the same time. Perhaps 6%? It's really all about the money. That's it.
What is the point of making predictions?
Mr. Drucker must have never heard of a Google driver-less car. And what fun is driving into the New Year without your lights on? You might not be able to see miles ahead, but when those road blocks come you can navigate around them. So here we are... 2016 is coming... how are you driving your car into 2016? A quiet country road with your lights off? Or a busy 6 lane highway at 100 MPH? Maybe you are trying to lose weight and your walking instead. Walking gives you a chance to look around.
As the late Yogi Berra once said " You can observe a lot just by watching"