Trump Rally Bites the Dust: Pool of Greater Fools Dries Up
Stocks are getting clobbered again today. Don't blame trade wars, blame absurd valuations.
S&P 500
Dow
Nasdaq
Scroll to Continue
RECOMMENDED ARTICLES
The BBC says Trade, Tech Questions Weigh on US Stocks.
"Analysts said the sell-off in the US reflects uncertainties affecting many aspects of the economy, including a rise in borrowing costs; debate about data regulations; and trade."
Analysts Wrong
This is not about trade, not about regulations, not about Intel which plummeted by more than 7% after a report that Apple plans to stop using Intel chips.
This is about absurd valuations across the board as the pool of greater fools finally ran out.
Mike "Mish" Shedlock.