Dow Plunge, Bolton In, Facebook Folly

The DOW took a cliff dive into a shallow pool and crashed more than 724 points. Some say it was because of the possibility of a new trade war.  Trump announced new tariffs against China.  Gregory Mannarino of says it’s not just trade war fears driving the market down.  It is also interest rate hikes by the new Fed Chairman, and the exploding federal deficit with the latest $1.3 trillion spending orgy getting ready for passage in Washington D.C.  Mannarino says, “This is going to go until we hit a wall, and that wall is getting closer every day.”