What's up with the Dow? Have the markets figured out the emperor has no brains?

[DemocratSinceBirth]

[PoindexterOglethorpe]

1. My guess would be that at the moment we're simply in

normal correction territory. The Dow goes up. The Dow goes down. Over the long run it goes up more than it goes down.

[triron]

2. what's happening?

[DemocratSinceBirth]

3. It's been on a losing streak.

[politicat]

4. There's also an annual, normal dip in late spring (and another in the fall.)

Three things happen in spring -- people pay taxes, and property taxes, and tuition bills start coming in. All three are events for which people of moderate means, who keep some of their assets in stock, sell stock to pay. It doesn't have to be a lot of money individually, but when it's several million people all pulling a few thousand out of the market at approximately the same time, it has an effect.

[Yo_Mama_Been_Loggin]

5. This might have something to do with it

U.S. President Donald Trump’s huge tax cut plans might not be so huge after all, according to reports from Fox Business and the Associated Press.

Trump’s plans to cut corporate taxes and give U.S. companies incentives to bring back and invest repatriated money faces pressures to be scaled back because of the GOP’s failure to repeal and replace Obamacare. Trump also faces conservative and Koch brothers-fueled opposition to a border tax on imports and big infrastructure spending.

All that conspires against wider tax cuts that Wall Street likes and helped spur the post election rally that saw the Dow Jones Industrial Average move past 20,000.



http://www.bizjournals.com/triad/news/2017/04/14/trump-s-huge-tax-cut-plans-could-be-scaled-back.html?ana=e_tf&s=newsletter&ed=2017-04-14&u=ColXVN5SPzQtLHFP87ho2w07857290&t=1492211197&j=77945301