Title : Who Knew What And When Did They Know It ?-- This Is Not Rocket Science -- July 27, 2017
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Who Knew What And When Did They Know It ?-- This Is Not Rocket Science -- July 27, 2017
This is very, very interesting.About 12:30 p.m. ET, the market plummeted and no one had any news, any explanation. Everything came back (the Dow 30 closed at a new record high) except tech. Tech plunged and the Nasdaq closed about 3% down on a day it was expected to set a new record.
Immediately after the close, Amazon reported an incredibly bad miss and fell 3% in after hours.
Amazon missing by such a wide mark would explain why the Nasdaq fell.
Only one problem: the Nasdaq fell four hours before Amazon reported and never came back. The Dow 30 came back immediately.
Call me a conspiracy theorist but it's pretty obvious. I'm sure President Trump can figure this out; I wonder if we see a tweet? LOL.
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Other Reports
Starbucks misses earnings.
Expedia misses earnings.
Mattel misses revenues and has a bigger loss than forecast. Girls not buying Barbie or American Doll -- they're buying iPhones. Mattel even "slashed" the dividend to save cash -- CNBC.
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