Picking a bottom is nearly impossible, but if one does not start layering in where the mud gets deep, then one ends up a bit light when the train leaves.
Even Stanley Druckenmiller is undisciplined and makes emotional decisions at times.
The good news is that many stocks have already been hit so hard that they are not sinking quite as fast.
The longer the Nasdaq remains below the 200-day line, the easier it becomes for risk managers to compel portfolio managers to reduce exposure.
There are signs that a reversal may be brewing and many small-caps and biotechnology names are weak again.
We got big volatility and rotation, but look where the VIX ended. Let's check the Overbought/Oversold Oscillators, volatility and more.
Here's where I see volatility falling to, and how to play it.
Whether panicked sales over these past few days, especially Wednesday, prove to be either the 'fast' or 'smart' money remains to be seen.
Sector selection will remain paramount as pandemic effects continue to permeate.
Rates, bonds and volatility had been showing distress for some time now. As usual, equities are the last ones to react.