Bloodbath

Be careful today. Market moves that happen outside of market hours can be dangerous. As of 6:30 EST Mon the S&P is down 3%, the NASDAQ 4.5%. These are big moves for the day, and they all happened outside market hours (e.g. you can’t participate, but the big boys on wall street can). The odd’s of going lower from here are not very high.
There is a market principle called the Maximum Pain Principle. The market will always cause the maximum amount of pain to the maximum number of people. Today looks like a REALLY good point to dump your longs and get short the market, doesn’t it? They’re going to suck everyone in short this morning, and rip it higher after a fed speech or something…. Watch Oil and Gold, you can’t print those. WTI is down ~$1.50/bbl this morning, on the brink of mid-east war..? That doesn’t make sense, does it? Gold is only down $10 (or 0.4%). Flight to safety has begun. SOME names in the market will hold up (biotech seems to be strongest this AM), some will get utterly crushed. I wouldn’t hold AAPL or NVDA here, but yet the SOXS is down premarket? Somethings fishy.