Not so bad. Half of today's drop was due to the dividend coming out of the stock before the open. Nothing wrong with getting more of the inexpensive money that is out there. Once the tapering starts, money will get more expensive. Cote needs to buy more top-line growth if he can't get it up organically!
Wow - nice HON 4 1/2 point move up these past two days. Attributed to potential budget/debt issue closure and could include some pre-earnings run-up. Bought on the recent dip and wanted to hold more pre-earnings but now may wait.
Not a done deal so could be a volatile week unless they work out something over the weekend. As long they kick the can far enough down the road, earnings season should not be impacted that much.
OK - so we need a "day after pill". Right now sitting on a lot of dead money after cashing out last Wednesday. Lots of uncertainty these next few weeks. However, lately they seem to pull a rabbit out of the hat to everyone's surprise. Will this time be any different? What would be the surprise this time - Obama saying "I give up" - you win, delay Obamacare for another year?
Rex - I think that a cutback in Fed bond buying was already priced into the markets and what we are seeing is an unwinding of that. Tomorrow we start weighing the potential of a tapering at the next Fed meeting!