Long overdue correction. Probably people selling off and taking huge profits to take advantage of the new tax laws. When it bounces back in a few days it will go beserk like never before.
Amazon, Berkshire and JP Morgan Chase announced a partnership in the healthcare business. United Health Care stock, and several others plummeted. That had an impact.
The average is to see one correction (dip between 10-20%) every year. If we get a 15% correction off the Dow's recent high of 26,616, that would put us at 22,623 (down about 4,000 points). We'll see..... It's been a while since we've had one.
Comment