Morning Market Video - $SPY $IWM $TSLA $YELP
The markets got clobbered today with the S&P 500 down some 2% and small caps down even more than that. Guess what? Every dip since the March 2009 lows have been a great buying opportunity. Is this the dip that doesn't get bought? Are we on the precipice of a major market reversal? Is the trend now heading the other direction?
After today’s market sell-off, the VIX rose a mammoth 35% and the VXX rose 10%. Two major global issues occurred today. The Malaysian Airline plane that was shot down, killing all on board, worried traders. In addition, Israel began a ground attack on Gaza. All of this led to the S&P 500 having its first down 1% in over 60 trading days and has given us another geopolitical crisis. What now?