U.S. retailers notched one of the busiest holiday seasons in years, meeting and in some cases exceeding forecasters’ already rosy outlooks.

At bottom, Wall Street is a gigantic gambling casino where investors and money managers predict the future and then place their bets. Those trying to justify Wall Street’s present nervousness are coming up with next to nothing.

Wall Street’s selloff last week has been blamed on everything but the real thing. The major indices lost more than four percent, with the Dow off nearly 10 percent since its recent high in early October.

The selloff in stocks on Tuesday gives investors another chance to buy stocks of excellent companies at a discount.

Wall Street jumped at the news from Fed Chairman Jerome Powell that interest rates were “just below” a neutral level.

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