Anyone that believed the Flynn story was the 'reason' for that crash type move is a fool. Anyone that didn't think this market was pricing in the tax plan passing last week and would sell on the news is a bigger fool. Chasing this market continues to be hazardous to the health of short term traders. Either you are swing trading and capturing these bigger moves up or you are getting chopped. A novice will out perform an experienced 'trader' in this environment. IWM just touched negative on the day, LOL.
It will take literal YEARS to work off this environment on the DJI. Like 20 of the 30 stocks are MAX-Q'd on the monthly, a total joke, and they will drag everything else down when they go. 2011/2012 was the mark up of the small/midcaps like BWA and associated garbage. TSCO, throw a dart, in the 2-10 billion market range and you will see. Then there was the tech mark up, now the final, terminal phase is the rusty old INDU markup. Go buy some HD or some UNH at these levels.
I see 2014 type markets on the weekly/monthly for YEARS to come in the future. The same crowd that has been drunk on its cleverness, will be gaping fishes out of water just like in 2014/2015. The chop will be wonderful and I can't wait.