But aren't we lucky to benefit from all of the extra income produced by a pro-active CEO who managed to do a tax inversion financed on the backs of the shareholders. And she did it just ahead of legislation to stop this penny-pinching unpatriotic pratice.
Suddenly I'm seeing ads pop up in the middle of my cable programs that are so exaggerated and disruptive (with the familiar gonzo camera shaking like 3 simultaneous reality shows and kids running about in panic mode) that I can't help wonder if I'm seeing a SNL parody of "48 Hours." The crisis is soon identified as a potentially fatal allergy (to peanut butter), after which we see the word "Mylan." I guess if you're the parent of a college student who attends parties, you can rest assured now that Mylan has your precious one's back.
That doesn't begin to register the pain of the shareholder who, before chasing the stock up to its high pre-Teva, had been subjected to a tax inversion, paying for all of his capital gains on the "American" company before its reclassification as "foreign.".
I knew a guy who said the only way to make money in the market was to sell puts on the S&P500. But then Obama became Pres. in 2009 and six years later the averages had more than doubled. That finished his put-selling.. But the market seems topped out and the Fed's low-interest policy to promote growth promises to keep people in stocks. So a stable S&P could be here to stay--in which case, buying puts makes sense. (I prefer staying long, away from derivatives, which I don't understand.)