Fun Fact #41
During yesterday’s earnings call (5/2/2018), Elon Musk cut off the analyst that was asking him questions and said: “Excuse me. Next. Boring, bonehead questions are not cool. Next?”
Immediately after the next question, Elon Musk irritatingly replies: “We’re going to go to YouTube. Sorry. These questions are so dry. They’re killing me.”
Dow Jones was down nearly 400 points today. As you can see in the chart of DIA, the ETF representing the Dow Jones was down 4 points in the morning.
I’ve circled each time the index has bounced off at or near the 235 level. If DIA closes below that level, we could see another 5-10% more downside.
Tomorrow, Alibaba (BABA) is reporting earnings at 6:30 AM eastern time before market open. Since there are low expectations going into earnings, I think there’s a good chance BABA will move upwards and test 190 tomorrow. Anything can happen though.