Daily Market Commentary. Investing is hard, which is why it can make you rich. TheStreetPro, SharkInvesting, Michigan Law & Business. Not Investment Advice.
Chips Drive a Rebound After the Fed Sell-Off
The market bounced back from a Fed-induced sell-off on Thursday, but it was news about an Apple price hike that drove most of the strength.
$GOOGL acquisition of YouTube has to be one of the greatest buys of all time. YouTube had $8.6 billion in ad revenue in the fourth quarter and $28.8 billion for the year. Google bought them for $1.65 billion
Short sellers are sitting on total losses of $71 billion versus gains of $16.8 billion, leaving them with a net loss of more than $54 billion, a data analytics company said Thursday.