The Very Worst of Scenarios

It’s hard to describe how bad today’s reversal is, truly. It never felt right from the beginning, up so much on such little news. I didn’t want to believe this would happen; but none of my stocks were acting like a +300 day. Now we get this: pure, unfiltered, hell.

Biotechs are leading the way lower, naturally. And, much to my surprise, homebuilders are following in tow.

I’ve gone from being +1.5% to down 1.5% in just a few hours. The unfortunate part about the reversal is that the markets are still open for another 1.5 hours. I dread to see what this sell off looks like at 3:50.

But I don’t want to get super-negative on you, just yet. Let’s try to paint this pig, optimistically, and not panic out of the first real reversal of 2015. Who knows, maybe the market recovers and closes up  for the day? But God damn it, I strongly doubt that could happen. By the looks of it, we should see a centaur kicking his way onto the NYSE by 3:30pm, ushering in the apocalypse.

Again, I am trying to remain optimistic. Let’s just walk away from the computers and do something else. That sounds like a swell idea.