Panic is at a high… but WHY?
In a day where Apple has a $15 intraday drop on NO NEWS… you have to ask yourself WHY?
The thing is the answer to “why” is never clear. It always tends to fall in the speculation. Much like the speculation traders use with options. Could this be a massive sell off by hedge funds to they can buy more for cheaper?
There is a MASSIVE effort to get everyone out of the markets. If the funds really wanted to sell, they wouldn’t be on TV warning everyone to get out ahead of them would they? This is about the big guys who came back from vacation, saw some weakness and decided to see how low they can push it before they jump in.