With midday charts of Monday, not yet updated with the 700 point drop. But you don’t need the real time update to see the wall (the Trump wall?) the market has hit. True for the INDU and the SPX. The more meaningful story is told by AMZN.
There is some nasty political stuff going on with AMZN. But let that be a lesson to you. Own a newspapaer that criticizes Trump and you’ll suddenly find the White House mixed up in your business. We will be liquidating our AMZN and looking to take a bigger position when times are fortuitous. We were very light in the market and are getting even lighter. Prices and values right now are completely distorted. Look for a continuation to the downside.