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On top of Facebook gapping down, lots of other blow-ups. BIOGEN (BIIB) after gapping up recently…worry over drug news…down $40. ABIOMED (ABMD) recent leader down $24. MOHAWK (MHK) big miss, big blow-up. PAYPAL (PYPL) down only 4% but make note think it would have been worse except for a timely buyback announcement. Others…TAL, TREE, TPX,…

Futures down…but down most on NDX because of Facebook. This after a strong day yesterday because of TRUMP/EU potential trade deals. “Gary…I have owned Facebook for a while but giving back most of my gains this morning…should I sell!” I will never tell people who email me to sell or buy and the same goes…

SOURCE: https://www.zerohedge.com/news/2018-07-25/trump-plans-25-tariff-200bn-foreign-cars

SOURCE: https://news.gallup.com/poll/237908/smoking-rate-hits-new-low.aspx

Earnings season continues. BA will be front and center today, a name that has led the DOW for a long time. It is down $14…about 80 or so DOW points. Yesterday was weird. While the Dow moved higher, growth names turned south, with some slammed. With the Dow up almost 200, the RUSSELL was down…

Some random thoughts and markets: USA TODAY front page article: “CLIMATE CHANGE LINKED TO SUICIDES!” I guess you know what we think of these headlines. Do these people just make it up as they go along? Google has learned the sandbagging game. Google and the analysts just sandbagged their earnings reports. Everyone knows Google has…