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There it is, in all its simplicity. It’s not “Happy Holidays” in my home, it’s Merry Christmas. It’s the day that umpteen million people celebrate the birth of one Jesus Christ.
I’m not going to write about the market today. I’m not writing about the shut down, the intense bickering between the left and the right, the tariffs, the market plunge or opioid addictions. No, today is pretty short and sweet.
On Tuesday, just around noon time, the market fell like the proverbial rock. While it was slightly down from the open, hovering around – 200 points, when the S&P neared the 2760 area, all hell broke loose. How much hell? About 32 billion dollars worth of stock hit the market. All to the sell side. By 2 pm, we had the DOW down 740 points. The S&P down 80.