The railroads are getting decimated.
Union Pacific (UNP) is down nearly 20% from it’s highs this year. Norfolk Southern (NSC) is down over 20% from it’s highs. CSX is holding up better than others, down around 7%
As a guy who owns Union Pacific (UNP) pre-split … I say …
Let em’ burn. The end of this downtrend is not yet in sight. We have farther to fall. I see Union Pacific (UNP) easily hitting $96.50. That wouldn’t surprise me in the least. Since I owned Union Pacific (UNP) before the redonkulous train-rally of 2014, pre-split, I’m still sitting on great gains (25.88% if you must know, in an income account of all things), with a great yield that the split has helped to accelerate.
Just let the rails run lower ladies and gents.
All the while, knowing I have a nice pile of cash, ready to deploy when the mayhem is over.