"Our customers are likely to experience an increased level of anxiety and concern. Please recognise this and as you always have remember that our success is not an entitlement but something we need to earn, every day". Howard Schultz.
Starbucks stock itself fell 20% before recovering to end slightly down. Maybe a free cup of coffee to shareholders might have calmed the nerves!
The past week has been interesting with some large moves in stocks but if you hadn't looked you wouldn't have known what happened as they snapped back just as quickly. GE the only original surviving member of the S&P500 plunged over 20% intraday before recovering to end down only 3%. We don't own GE but it's now yielding nearly 4% twice the rate you get from lending to the US government for ten years.