Nasdaq takes a hit

The stock market that is supposed to be tech heavy.  The big techs took a hit, and may be in bear. California takes a 5-10% tax income hit in Sacramento when IPOs are slow.   But we just had many, large tax increases. Now California is getting a hike in  labor costs, courtesy of  minimum wage.  G out here is taking a big tax hit, big labor hit and they have no plan b.  Be sure that public sector hiring will not be growing.  Ca added 5,000 jobs last  month.  If GDP Now is at .7%, then California is barely doing 1%..  California G, it needs a rush of Chinese home buyers.   The Swamp will look stupid bailing out CA during electioneering time.