Sotheby’s (BID)…Checking in on the Loose Money Indicator

Sotheby’s (BID) is imploding today and I am not sure why. It can’t be good and I mean that for more than it’s stock alone.

I use it as a loose money indicator which was recently at all-time highs and Wallstripped.

When this stock tanks, it does not bode well for the economy or market. Another sign that it is time to lock down some profits as I have been doing.

Please don’t shoot the messenger.

UPDATE – Here is the reason . There should be a big bounce