Market is just about where it began, coming off ridiculously bloody red futures. 30 minutes in,DJ is -218, Nas is -57 and S&P is -24. Good news (for bulls) is that it didn't get much worse after the open. Bad news (for bulls) is that it's been range-bound so far.
VXX trading between 35 and 35.35 now, off from its high of 36.10. I was tempted near the high, as usual, but kept my nose out of this nasty business at nosebleed levels. FAZ is at 17.44, up 6.6%, but also down from its high of 17.98.
This might just be the worst of it today with S&P 500 staying above 1044. VXX selling off to 34.75 now. Here come the bulls ...
Still all cash, watching from the bleachers. If I can't be a step ahead of the madness, I will not jump in a step behind.
Chase up here and you may get burned by the FAZ rocket
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