The Dow isn’t even down 100, but there is panic in the streets. Market breadth stands at a paltry 24% and the VIX is spiking today. With markets down 5 out of the past 6 days, investors are starting to take journeys to the Joshua Tree, or the Burning Man, in order to find the definition of life.
Investing isn’t supposed to be filled with pauses and downfalls. It’s supposed to be gay giraffes driving iced cream trucks, while listening to Cold Play.
You little shits have had it too good for too long. It’s time for a little risk reversion.
The stupid VIX index is lifting, but nowhere near panic levels.
Here are today’s leading ETFs, all of which are bearish.
Bring back the Wizard…Poof!