[DoughtyOne]

I appreciate the dig.

Please explain the 600 point drop in tech stocks today.

Any little bit of negative news would be accepted.

[Buckeye McFrog]

Any little bit of negative news would be accepted

How about this.

Somebody at Google leaks this internal document to Brietbart proving that the company has made an executive decision to basically end Free Speech online.

https://www.breitbart.com/tech/2018/10/09/the-good-censor-leaked-google-briefing-admits-abandonment-of-free-speech-for-safety-and-civility/

I think the odds that Trump takes an antitrust hammer to big tech companies just went up by an order of magnitude.

[babble-on]

1. When the market goes down people call it a “correction”, but when it rallies for months on end, they never call that a “mistake”.

2. Ten year rates, that have nothing to do with the Fed, and are even possibly the opposite of the Fed’s policy, have spiked sharply. Tech companies constantly need new money. That money is getting more expensive. That hurts their earnings prospects.

3. 25% tariffs coming in January means that intermediate goods for a huge number of US domestic manufacturers are about to get very expensive. No one knows whether this will destroy demand or not, but it’s a legitimate worry. Tariffs may slam the brakes on growth when they fully kick in on Jan 1.