Tuesday January 30, 2018
The DJIA is down 191 in pre market this Tuesday morning. Couple with Monday's fall that wipes out Friday's gain and then some.
REITS, Utilities, and now Energy are all falling. I am wondering if we are seeing a top being formed. If so one sector after another will begin falling.
I reported the reliable Merrill Lynch indicator had flashed a sell sign.
The WSJ has yet another op ed this from the Dean of the Dartmouth School of Business about the danger of losing NAFTA. I continue to fear Trump will do something foolish in that regard. All we need is some out of the ball park event to conclude the rally.