Anyone have a fundamental theory on why things are retracing besides stocks go up, stocks go down?
There really hasn’t been news to sell on, especially with the readout said to be this week.
I know there are two major holdups, ethics and oversight.
With the ethics aspect, why is the GOP holding a line that would allow government officials to benefit from the sector? Isn’t there a major push to keep politicians out of stock trading in general already?
The second related to oversight, why fight SEC having oversight when there is a GOP friendly chair?
I am not very seasoned in all this but I am curious about valuations on rookies. I get they demand a premium but it also seems ridiculous.
Have rookies always demanded such elevated prices? It seems like from day one they are going for costs of what you hope they will be “if” they actually have a good career.