July 30th, 2012 at 4:47:53 AM permalink
LVS stock has tumbled the same as everyone else. I am always surprised when people get pissed. It's not like Macau is a big secret. Billions of people here about it and read about it. It's not as if you had a secret insider stock tip.
In 2008, LVS was trading in the dollar range and Wynn was in the teens as I recall. Yes, it was the start of the Great Recession and everything was wacky, but when a stock plummets so such depths and then ascends so high- and combined with all of the current economic uncertainty, it only seems natural for the Market to take some corrective action to some stocks.
It's a telling chart though: it would seem we've made our highs at least for a while at this point...
Lack of prior planning on your part doesn't constitute an emergency on my part.