DUN DUN DUN…

Only took 65 days or so since the election for some doubt to creep in. This is quite a black candle for the Dow Jones Industrial Average…

The Street detests uncertainty, especially when hopes have been high that with a friendly congress Trump’s stuff was going to breeze right through. Yesterday’s hearings about the possibility of treason on the part of the campaign, along with healthcare repeal and replace becoming an internecine quagmire are creating some doubt. And when people on The Street start to have some doubt, the machines kick in and take it much further than it would otherwise go.

Not catastrophic. Just a plot development.

But still, that candle tho…

Read also:

What if he blows it on healthcare? (TRB) 

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.

What's been said:

Discussions found on the web
  1. What Just Happened? – FinSummary commented on Mar 22

    […] Finally…and yet it feels like everyone had been waiting for it to happen. A 1% drop in the S&P breaking the 110 day streak! Still a surprise despite most investors believing that equities are overvalued? (Record number of investors believe so – CNBC) What about the animal spirits? What about the passive flows? Has the market topped? This black candle has caught attention for sure (The Black Candle: The Reformed Broker) […]