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Russell 2000 (^RUT)

Chicago Options - Chicago Options Delayed Price. Currency in USD
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2,159.31-47.02 (-2.13%)
At close: 04:30PM EST
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  • C
    Charles
    The Russell 2000 is down almost 10% over the last 6 months. The majority of the stock market isn't "soaring" despite a few overheated giants. The majority of small to midsized companies are actually trading at pretty reasonable prices. I own several profitable and growing companies that are trading at 5x, 7x earnings. Amazon, by comparison, which doesn't have a lot of runway left in its growth, is currently trading at 67x earnings. Walmart, which has grown at 2.5% y/y since 2018 is currently trading at 48x earnings. Then there is Tesla, which lives in a fairy tale kingdom of its own fandom whose valuation I won't even discuss because it defies anything short of magical thinking.

    Point is, there is a lot of value out there (for instance global giants GM trading at 7x earnings, Toyota at 5.5x) but small caps are where to find the real winners. Small caps have been getting crushed in the last month for no real reason at all while big dogs skate by on name recognition. So shop local this holiday season, and buy undervalued, profitable, growing small caps in bread and butter industries - healthcare, software, finance, food, automotive, real estate, energy.

    Here are three I like a lot that are screaming deals right now: SGFY, ATUS, LU
  • M
    Mark_65
    Stéphane Bancel, the CEO of Moderna cost the market and his company billions when he cavalierly opined to the Financial Times late yesterday that the existing vaccines will be much less effective and that scientist feel it is not going to be good. Apparently what triggered sell-off no.2. Hoping US markets will rebound again today or at least hold pat.
  • n
    netu
    Too much of over reaction by market and WHO. South African epidemiologist clearly says its impact to the vaccinated will be negligible or if does will be mild. See CNN
  • s
    sygnett12
    Hearing a lot of clamor about how the DOW suffered friday, but nothing about the Russell index, yet the Russel took the biggest hit of them all. At one point it was down 4% for the day. sheeeesh, it's trading no better than it was back in february but nobody seems to notice?
  • s
    sygnett12
    Mid/small cap stocks are continuing to get crushed... Is there no bottom to these things???????
  • A
    Andy
    In 1973, it took about 8 months for inflation to get started. They ignored it for 7 months. It is a slow process before the critical amount of inflation is reached. But once it has gone over 4%, it is too late. The self perpetuating inflation takes over. Higher goods prices lead to higher labor costs which lead to higher service costs which lead to higher goods costs and onward in a vicious circle. In 2021 inflation broke through 5% and then broke through 6%, and it is now over 6.2%. The PPI is over 8.6%. Only an immediate increase in interest rates can break the back of inflation. Lumber which was $450 just 3 months ago is now at $890. This is confirmation that self-perpetuating inflation has taken hold. It will take 16 more months to get this inflation under control. Inflation is surging. In 1973, at least there were a few months where it had gone back to 0.0% and people had thought that inflation was over. However, it then persisted through the end of 1973 and into 1974. Natural gas prices are rising sky high. This is terrible for the underserved as a large fraction of their money goes to home heating. My electricity costs are up from 12 cents per kWh, now to 26 cents per kWh. This is disaster on the way. The administration is 8 months behind on addressing inflation and still they have done nothing yet. They are putting things in a more unstable situation. Larger government makes inflation worse. In 1974, interest rates needed to be increased, otherwise the inflation would have exceed 20%. This time, in 2021-2022, we are likely to see it exceed 20%, because the government every day continues to pump out more and more money supply every day and has further debased the dollar than in 1973-74. The debt is far higher this time. Awful things will come if they delay even further.
  • G
    GOLD IS MONEY
    another fraudulent day of FED manipulating the markets. END THE FED. Gold and Silver are money.
  • s
    sygnett12
    Russell down 12% from the high reached on Nov 8th. This marks BEAR TERRITORY... As with the DOW, SP and NASDAQ most of the stocks in the indexes have been crashing at a phenomenal rate, especially the last few weeks. If the Russell can't bounce off the support of 2134 which was hit in Mar, May, July and Aug then we have got real problems.
  • A
    Andy
    Soon the Russell 2000 is likely to recover to pre-pandemic levels around 1,400. It may drop below that because usually things overcorrect. It will especially go lower if they drop the money supply down from $21.3 trillion to $14 trillion. Definitely they need to tighten monetary policy. A 50% drop in the stock markets would not be out of line.
  • L
    Lobsterpot1989
    Holy Moses!
  • G
    GOLD IS MONEY
    PPT must get stocks higher on Friday to calm the nervous "investors" or speculators in the FED's massive Ponzi. END THE FED. Gold and Silver are money.
  • A
    Andy
    Market is continuing to lose its breadth. Decliners are outnumbering advancers by 3 to 1. Inflation is starting to come from pent-up demand.
    “The Fed is increasingly falling behind the inflation curve” -- Michael Darda chief economist of MKM Partners. They should have been raising rates in May 2021. A series of rate large rate hikes need to come ASAP. They have been asleep. Once inflation is beyond 3-4%, it has reached the critical inflection point, beyond which inflation feeds on itself: the vicious circle.
    When the Fed first hikes rate, we will see a surge in inflation as people will race to make big ticket purchases in order to buy before prices rise another 20% and while interest rates are still low (below 7%). The rate of inflation increases is looking worse than 1973-74. That caused stocks to tank by 50% in 1974, and they may collapse by 60% this time or more.
    Price of goods and services is up by 7% and now surging faster. That means cash is worth 7% less this year than it was worth last year. This is because the dollar has been debased and continues to be debased. It is losing value. Anyone who has bonds and is getting only 6% interest on them is losing. People who bought bonds last year are realizing they were hoodwinked. They are realizing it is a losing investment to buy a bond with only 4% interest rate. It is guaranteed that people will refuse to buy low yielding bonds in an inflationary environment. And inflation is surging faster. Most of that inflation was in the most recent 6 months. Since the CPI rose 0.9% in the most recent month, that indicates the economy is now at an annualized inflation rate of 10.8%. Buydone has gotten about 10 month behind on raising rates. The collapse of the stock and bond markets is only going to be larger if they wait longer.
  • J
    Jimbo Wimbo
    We're near an area of support
  • C
    Chari
    Russell showing strength. Hope the selling is done for now.
  • n
    netu
    Next week booster: variant update, holiday sell and spending bill
  • D
    David Wong
    I cannot find any small cap business making profit. And interest rate is going to increase. Why this index keep going up even it is overvalue. Invest to the stock market now is like gamble.
  • n
    netu
    This is over reaction- we dont know the mortality rate, sequencing, and if existing vaccine works. I think it is just an another variant just like delta
  • s
    sygnett12
    Strange how the indexes appear to be doing to great yet my portfolio is down 60% this year. What is down, all my chinese stocks are down at least 40-90%, Pot stocks slaughtered, mortgage stocks down huge, biotechs are down mostly 70-80%, EV's don't have a chance, solar stocks haven't seen the sun for ages, gold stocks down big, pet care stocks in dog house, online shopping stores thrashed,,, oh but here are pundits saying the markets are SOOOOOOO high they need a breather....
  • J
    Jimbo Wimbo
    This could well end up in bear market territory in the coming weeks
  • A
    Anti
    I've seen many ridiculous days on Wall St in the last 18 months, but this is yet another. Let's move all the money out of the Dow and the NQ into the RUssell, into stellar stocks like AMC and ARWR and TTI and IIVI, all of whom have such stellar records. And why not drive CROX up 4%? At least they make money right?