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UWM - 'Batten Down The Hatches!'... Big Problems Ahead For Stocks?
ProShares Ultra Russell2000
If you are not immersed in the parlance of nautical warning, I will elucidate. "Batten down the hatches" is an order a captain barks to his crew when his ship is in peril because of rough weather. I'd say CNBC and most other media covering the daily ups and downs of the market were in the same mode warning of imminent peril last Friday... so much that the Dow Jones Industrial Average gave up the entire 217 gain from the previous day plus an additional 243 points. This was very reminiscent of the