Gotta love ZERO RISK in the SP500 = $$$

ZeroHedge posted interesting article about there have only been 14 occurances EVER of NASDAQ up +3% and down >3% on consecutive days.. in all cases.. there was further downside and in 13/14 times the economy had already entered a recession..

risk here is that fundamental data is starting to roll over.. everyone talking about how great the economy is.. but maybe we are at the "peak" of the cycle.. consumer confidence ticks lower, hiring slows, retail sales/ industrial production drops.. and there it is
 
OTCkrak said:
ZeroHedge posted interesting article about there have only been 14 occurances EVER of NASDAQ up +3% and down >3% on consecutive days.. in all cases.. there was further downside and in 13/14 times the economy had already entered a recession..

risk here is that fundamental data is starting to roll over.. everyone talking about how great the economy is.. but maybe we are at the "peak" of the cycle.. consumer confidence ticks lower, hiring slows, retail sales/ industrial production drops.. and there it is
More...
Usually when people start to gloat about how great everything is the situation has already started to change. There are so many tell tale signs right now, the markets have been saturated with amateur investors and traders who like to brag about their easy made money in the stock market.

As Peter Lynch said, when he gets in a taxi and the driver tells him hes gotten burned in the stock market and hates it everything is fine. When the driver starts getting interested and is asking him for advice he starts to get worried. And finally when the driver is giving him advice on a stock he knows it's time to reduce his positions.
 
Wow Amazon is tanking.

Looks like it could be another huge down day since amazon makes up most of the Nasdaq


President Trump reportedly wants to 'go after' Amazon by changing its tax treatment
  • President Trump is "obsessed" about going after Amazon, a source said, according to Axios.
  • Trump has discussed altering the company's tax treatment because several of his friends told him Amazon is hurting their businesses and "killing shopping malls and brick-and-mortar retailers," the report says.
 
The news just keeps getting worse and worse for tech stocks


Goldman Sachs slashes Apple iPhone sales estimates
  • Goldman Sachs has slashed its Apple iPhone sales estimates for the first two quarters of the year.
  • It expects now expects iPhone sales of 53 million units in the March quarter and 40.3 million units in the three months to June.
Arjun Kharpal | @ArjunKharpal
Published 2 Hours AgoUpdated 14 Mins Ago
 
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