Some Perspectives on Panic...

I have seen my share of financial market panic since I started full time in the business in 1991.

Obviously we have more data and information and real-time access to it today though so it seems more intense.

The numbers though are the numbers. Here are a few that stand out from THIS panic:

Here is the S&P –

StockTwits shared a chart on StockTwits

When there is a financial or world crisis, people flock to US Dollars:

MktOutperform shared a chart on StockTwits

Russia is really messed up:

MktOutperform shared a chart on StockTwits

As for the Volatility Indexes…wow:

greenport shared a chart on StockTwits

MktOutperform shared a chart on StockTwits

Today was wild. I had a plan and it worked really well. I am less sure what to do tomorrow, but if we gap into another giant whole I will be a buyer again. No new names. Same as the last week.

I am all for trading against other humans in times of panic when I know what the machines are going to do.

IF THE MACHINES FAIL US…I have my Canadian Passport.