The Dow Drops 500 and Closes in the Green

This was a rather unusual day for the stock market. At one point, the Dow was down more than 500 points, yet it closed in the green.

The biggest losers today were the Financials and Energy, and both sectors were down over 1%. Tech was especially strong today. It was up over 1%.

Days like today can be a bit nerve-racking. Superficially, it looks like the market didn’t move much, but just underneath the surface, there’s a lot of unrest.

On our Buy List, I’ll note that Torchmark (TMK) dropped to a new 52-week low. The stock is currently going for about 12 times next year’s estimate.  

Posted by on December 10th, 2018 at 10:10 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.