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"This is just normal profit taking after a fairly strong run in stocks," said Bill Barker, investment consultant at RBC Dain Rauscher.
"Now we're just getting some normal profit taking and pullback after a big move," said James Volk, co-director of institutional trading at D. A. Davidson & Company.
"What's going on this week is some normal profit taking," said Alfred E. Goldman, chief market strategist for A. G. Edwards & Sons.
The Fed determined that a fee of 10-12 cents per transaction should be sufficient to cover the industry's costs and provide a normal profit.
The normal profit margin for such companies is around ten to fifteen per cent, but several people with knowledge of the industry said that, during the boom years, N.E.P.P. earned as much as thirty per cent.
Schuster describes today's dive as normal profit taking, and he remains very comfortable with the way the stock is behaving.
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"We saw some very normal profit-taking early in the session," said Alfred Goldman, director of market analysis at A. G. Edwards & Sons in St . Louis
Other technology stocks were also weak, but it was difficult to know how much to attribute to the bad news and how much was caused by normal profit-taking after the Nasdaq's three-day run-up.
The government's actions could lead to "super normal profits" for Mukesh's Reliance Industries, the ads claimed, and a 50% rise in power bills.
However, this cycle has been more extreme than normal; profits recently reached a 40-year high as a share of American GDP.
Smith's great perception was that the combination of this drive and counterforce would direct productive activity toward those goods and services for which the public had the means and desire to pay while forcing producers to satisfy those wants at prices that yielded no more than normal profits.
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