stock market

Taking Stock: Fear Index and Foal Crops

Aside from the threats to life and health, the global coronavirus pandemic has created massive economic and socio-political turmoil and fear over a short time span. In times like this--there haven't been many quite like this in recent years, except for the economic meltdown of 2008 and the crash of 1987 (Black Monday)--it's difficult to see the forest for the trees, but the worry some people have that things have changed for the worse is clear and real. Dr. Anthony Fauci said so himself. The Director of the National Institute...

[ Read More ]
Taking Stock: The Coronavirus Impact

Two weeks ago, the bombshell indictments of trainers Jorge Navarro, Jason Servis, et al., sandwiched between a volatile stock market and the spread of the coronavirus, were the talk of the industry, leading to renewed calls by some for the passage of the Horseracing Integrity Act in Congress. At the time, the doping scandal promised to upend racing's precarious standing, but with hindsight, the plunge of the markets and the rise of the virus may cost the racing and breeding industries greater long-term harm than what's alleged in the indictments....

[ Read More ]