Market update: Have our politicians finally put the stock market in jeopardy?

It looks like the dysfunctional political environment has finally taken its toll on the stock market. This is a significant reversal today.

In addition, expect the hysteria in D.C. to get crazier as the IG report is pushed the stakes between the two parties to a fever pitch.

How this turns out is anyone’s guess. Except I think there is a good chance of a pretty big correction.

May not happen, but unless our elected officials regain some semblance of sanity it does not bode well for the markets.

Things have been working up to this point for some time now. And it looks like a good chance the lid is coming off D.C.

Or perhaps it’s my hysteria:)  We will see as by the end of the week it should be pretty clear which way the wind is blowing in D.C.

The people? Who are they! Let’s get bogged down in a heated meeting regarding negotiations on the budget and DACA.

Its all political posturing at the expense of the American people.

And as you can see the markets do not like this one bit.

So, now is not the time to get stubborn until we see how everything levels out. Be sure and have your stops in place and honor them. No speculative trades until you see some semblance of sanity back in D.C. This can and will get very ugly fast.

I will have more on this tomorrow morning.

RickJ

RickJ’s Handicapping Picks

rickjshandicappingpicks.com/investing

Skype: riccja

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt
Rickj's Handicapping Picks
Sign up now for our  newsletter. Includes handicapping tips

NFL Plays Last season was the best in 20 Years!!! MLB we are on track for back to back 17 unit seasons.

RickJ's Handicapping Picks  The latest in positive EV handicapping Techniques Overnight Plays in MLB are sent out around 3 to 4 PM PST the day before Come join us for a fun and profitable Pro Sports season!!!  
Sign up now  for a fun and exciting football season
Close

Positive EV Handicapping


Do you know the important clues that help determine which side has +EV?
 
  • Learn about Reverse Line Moves and how they apply to each sport
  • Learn about being a contrarian and using public % numbers to get an edge
  • Learn about the seasons within a season that all sports have
  • Learn key numbers in all sports

Sign up to get updates that will help you with your sports handicapping!
 
SUBSCRIBE
close-link