HUUUUUUGEEEE. Does that remind you on a certain president? Small fingers but HUUUUUUGEEEE. I guess in a society where everyone has an atm shoved up their ass and wears helmets to play rough sports a 1% move in equities must come across as HUUUUUUGEEEE. Man, we really need a world War ASAP to get people back to reality.
Wow, fantastic crystal balls. You must be loaded to the hilt with shorts and make a killing on this huuugeee down day. Amazing the analysts we have on this board. Unfortunately they are all hindsight analysts (not that I am surprised about this).
Its reaction to the FBI investigation into Trump. The market is skittish that he could be on his way out. We need another 10 more days of this, a nice 200 point pull back in the ES would be great.
I am going to assume that it was just a self fulfilling prophecy. Every day for the last 2 weeks CNBC, Stocktwits etc....have been saying .... ....it's been 100 days since we had a 100 day drop in the DOW... ...in the first 100 days of this year we have had 0 down days of 100 points or more and in 2016 we had 10... The media created 100 different ways to look at it and I think that the institutional managers and they guys at home finally decided to buy some puts or take some profits before the 100 day reference was at the end of its run.