May 23, 2023
Posted on May 22, 2023
Planning and Guidance, Tailored To Your Life and Goals
Posted on February 02, 2021
They say people watching the same event often see different things. That seems to have been the case last week when share prices of a few companies experienced tremendous volatility.
Some cast the events as a David vs. Goliath morality tale, however, Michael Mackenzie of Financial Times saw it differently. He wrote, “…a speculative surge from retail investors using borrowed money…has in the past signaled a frothy market top.” (In financial lingo, a market is ‘frothy’ when investors drive asset prices higher while ignoring underlying fundamentals.)
No matter how you characterize it, the events of last week were unusual. Felix Salmon of Axios explained, “Almost never does a stock trade more than twice its market value in a single day…It has happened 7 times this week already, and 20 times this month…What we’ve seen in the past month, and especially the past week, is certain companies becoming little more than vehicles for short-term gambling.”
While the social-media-driven trading spectacle was fascinating, it overshadowed other substantive news that may affect more companies over a longer period of time:
Last week, major U.S. stock market indices finished lower.
In January, the Merriam Webster Dictionary added 520 words to its pages. The additions include new words that have found their way into common use, as well as expanded definitions for words that were already well-established. Here is a sampling of the new entries:
As new words become common or expand their meanings, other words become obsolete. What are some words that explained the world when you were younger and have fallen out of use? Britches, floppy disk, icebox, and yuppie come to mind.
We’re at the start of Black History Month, a time to recognize and celebrate the many achievements of African Americans throughout our country’s history. Each year, the annual month-long celebration gets a new theme. For 2021, the theme is “Black Family: Representation, Identity and Diversity.”
In 1976, President Gerald Ford officially recognized February as Black History Month, but the tradition actually formed in 1915 and grew over the decades. To learn more about the origins of Black History Month and black history milestones, visit the History channel’s excellent article.