Fears of Delayed Tax Reform Hurt Stocks Today

Today equity traders' concern over the tax reform products being created in Congress got the best of them causing what could have been a much more serious sell off.  The Dow, which had just recorded five consecutive record highs, albeit small ones, came close to a serious tumble. At one point during the session the Dow was down 250 points.  There was talk that the Senate bill would delay the corporate tax cut until 2019 rather than the House's 2018 cut.  The Dow bounced back to lose only 101 points.