Finally, we come to labor, and the area I think will be the real wild card this quarter. As we discussed yesterday, I believe that this quarter will be the beginning of the great Lock Out. A time when many, perhaps most leading companies will begin locking out their employees.

Over the weekend we saw American Airlines cancel thousands of flights presumably because certain of their employees refused to comply.

Finally, we come to labor, and the area I think will be the real wild card this quarter. As we discussed yesterday, I believe that this quarter will be the beginning of the great Lock Out. A time when many, perhaps most leading companies will begin locking out their employees.

Over the weekend we saw American Airlines cancel thousands of flights presumably because certain of their employees refused to comply.

Finally, we come to labor, and the area I think will be the real wild card this quarter. As we discussed yesterday, I believe that this quarter will be the beginning of the great Lock Out.

A time when many, perhaps most leading companies will begin locking out their employees.

Over the weekend we saw American Airlines cancel thousands of flights presumably because certain of their employees refused to comply.

A special quarter. In that, this is always the time when corporations come together to strive to reach their overall goals, and then to tell the world about their accomplishments.

What we're discussing here are the economic ramifications of all this. And the fact, that these ramifications are likely to be felt beginning this week.

And the first that we'll really see about it, will be in further diminished goods and services. The noted Supply Chain, for instance, will likely become much worse. As delivery of items you want, may be delayed either from the current supply issues or now from these new non-compliant workers, no longer on their jobs.

In a world in which businesses are desperately understaffed, having even more workers left at home, will dramatically slow the economy.

The first thing to know about today is that last night many of the Street's basic assumptions were laid to rest. The idea we have a fairly good economy was destroyed by a preliminary GDP report which said we're only growing at 2%. less than 1/3rd the level of the last 2 GDP reports.

Well, at least the Street knew they could rely on the big five, to continue chugging along, supporting a positive growth scenario for the market. Then came the dismal Apple earnings, and the even more dismal Amazon earnings. Bringing their sense of invincibility back down to earth.

It was one of those days, with lots of churns, but no real directions. As market averages flat, but behind all of that was a lot of angst and a few choice words among analysts.

The first thing to know about today is that last night many of the Street's basic assumptions were laid to rest. The idea we have a fairly good economy was destroyed by a preliminary GDP report which said we're only growing at 2%. less than 1/3rd the level of the last 2 GDP reports.

Well. As Wall Street breaks for Lunch, there are two stocks that are conspicuous for their decline.

The same two were higher all day yesterday when markets were also mixed. Today Amazon and Apple are both down nearly 3% at times, reflecting their not-so-great earnings.

It's become a truism on Wall Street: rally on the rumor, sell on the news.