The trading on Friday, Dec. 1, started off with "business as usual."
The grinding bull had been moving sideways, because the markets had Senate tax reform progress "baked in" for the past few "up" days. Still, the prospects were looking good, and most market watchers were anticipating a move higher.
Then I saw the major indexes start to tank.
A quick check of my fastest news feeds gave the answer: ABC News was reporting that former national security adviser Michael Flynn was prepared to say that President Trump "directed him to reach out to Russian officials during the campaign."
The market continued to drop.
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