Monday, January 23, 2017

A Million Sellers.
What Did You Expect Markets Would Do?
Image result for women's marchThis opinion has nothing to do any which way on the motives or feelings of those who participated in the Big March on Saturday, in DC and around the world.  Maybe they are right, maybe they aren't.

We only comment on the expected effect on the equity markets. When any group voices frustration in an active manner, it is unlikely the members thereof will wake up Monday morning and start buying stocks.  More likely, lots of Sell orders first thing.

So, we expected a market downdraft this morning.  Just as we expect a reversal tomorrow, if not later today.

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