Justice Department, Amazon, Walmart discussed on Del Walmsley
And. I'm wondering if If that continues if if we could see a situation where the s. and p. five hundred could become the s and p fifty or p five and where hundreds of companies could just drop out by by having Amazon. And WalMart be everything I know sometimes. It must feel. Like we're heading in that direction I can certainly understand why people would get that feeling I think some people were surprised when Amazon went out and acquired whole foods and the Justice department had very little to say, about it I think that there's as long as the Justice department is. Inactive in that area then they can just you can. Acquire as many companies as. You can afford to. Acquire as long as you don't. Have any interference from the Justice department I mean, that's exactly what you saw when Amazon dot com. Took over whole foods there was basically no real pushback from the. Justice department the deal went right through it happened pretty. Quick so that's the way it works if they're not going to say anything, about it then certainly companies are going to make strategic mergers Yeah so I if that becomes. Extreme it's just a little. Bit scary about uh. Even had like s p y. Having the sector funds and with with the idea, that maybe hundreds of those companies could slowly disappear Well I mean it's? Already happened in a. Way I, mean the number of companies out there has been shrinking. Pretty dramatically and, edition to that just look? At the industry's look what's happened to the. Airline industry what. Do you have now basically four major. Carriers. I mean, couple of decades ago, you had a dozen or so so, I, mean what, do you have now you have four major carriers right at American you have delta you have south west and you have American delta southwest and United right yeah four major carriers. And everybody else. Compared to those carriers they're minor players Yes That's already happened in some. Sectors that's. True But you're right I mean it is there is a trend toward consolidation and consolidation has a tendency to reduce the number of. Companies that are out there? With one exception what about all the startups what about the? New companies that are that, are out down there haven't been many. IPO's but still there are companies. Being added Seemed like, I. Remember IPO's are common at the, peak of the market is sometime used as, an indicator to. For the market cycle and so there there are a lot of indicators out there okay I mean they're literally over over you could easily put out over. One hundred indicators when you? Start talking about indicators keep in mind that okay this indicator? Might say one thing but, another indicator may may say something else Yeah that's you're right there's there's tons tons of indicators and but I feel seems like they're they're not. In line with anything that they're not overheated Tom looney the. They're. Not overheated, so so like I. Say this stuff is all over the lot sometimes but when these things start to, get on the same, page. That's a different story, that's a, different story for sure appreciate the call Tom This is America's..