What I find interesting is the degree of condemnation of the US economy I read (but only so much) from the internet Insurance is about as basic a meat and potatoes business one could think of Slow growth Sure it is Here is one view Cigna is a big company What insurance company isn’t Then there is the Russell 2000 ETF comprised of flakey Russell 2000 companies that have no earnings Let’s compare Cigna with the Russell 2000 ETF (IWM) for the past two years What I think is going on is the stock market got carried away with speculating in rink dink companies on the idea that they “innovative” When the stock market got around to realizing they would never become cash flow positive… Then the adults in the room took control again
What I find interesting is the degree of condemnation of the US economy I read (but only so much) from the internet Insurance is about as basic a meat and potatoes business one could think of Slow growth Sure it is Here is one view Cigna is a big company What insurance company isn’t Then there is the Russell 2000 ETF comprised of flakey Russell 2000 companies that have no earnings Let’s compare Cigna with the Russell 2000 ETF (IWM) for the past two years What I think is going on is the stock market got carried away with speculating in rink dink companies on the idea that they “innovative” When the stock market got around to realizing they would never become cash flow positive… Then the adults in the room took control again