Looking back at yesterday's sell-off -
what the Lame Stream Media isn't telling you
Yesterday was an interesting, and unusual trading day.
Here's my account of how it went down:
Most sectors gapped up at the open, with the Dow, and the Russell 2000, actually touching new (recent) intra-day highs, before selling ensued.
1. At first the selling looked like an ordinary gap-fade.
2. The Russell rallied into the first hour, before it rolled over.
3. The selling continued to gain stream throughout the day, accelerating into the close.
I can't find any news being reported on yesterday's nasty - midday - reversal, and since the lame stream media declined to cover it, I'm going to have to assume it had something to do with Joe Biden's threat to send US ground troops to fight Russia over Ukraine. Yes, this actually happened!
Can you imagine if Trump said something this irresponsible? The left wing media would be calling him unhinged!
Biden: Help Ukraine Now or Send Americans to Fight Russia With NATO Later usnews.com
I think everybody - including Vladimir Putin - knows Joe Biden is bluffing, and the leftists are only interested in skimming more money from the situation they created in Ukraine.
The other thing not being widely reported is
China warns of firm response after UK sanctions Chinese firms 'supplying Russia's war effort' news.sky.com
We also had a Moody's downgrade of Chinese debt, but Chinese stocks actually rallied on the news.
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