April 23, 2017

On Friday, the S&P 500 was down 0.3% and Toronto was down 0.1%.

CRH Medical was down almost 19%. I am not aware of any reason for it. It could be some bad news has leaked. Or perhaps some analyst report has come out suggesting that the stock has gotten ahead of itself after recent increases. The company releases earnings on Wednesday. It would likely be prudent to wait until the earnings are released before deciding to buy or sell this name.

This Sunday evening the futures markets were up 150 points for the DOW apparently due to the French elections results. North Korea has apparently made threats to attack a U.S. aircraft carrier. The market presumably perceives that threat as too preposterous to be believed. In general, the stock market does not seem to be perceiving much risk of any kind as it continues to trade at relatively high multiples.

 

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