Some calls are for prices near $50 per share, all hyperbole. At least part of the selloff in momo stocks must have been to raise cash for this $ 1.8 billion IPO.
First estimates of GDP – Q3 came in at 2.8%,, about a third of which was inventory build up, while consumer spending remains weakish. Not much fodder for a market up so much this year, and the ECB did reduce rates.
BBY drops 3% the day after I mention it in class. On a day when the DOW is up triple digits no less. Of course I wasn’t in it.