With the major averages way down, there is very little individual names can do. PKTR did a U-Turn this morning after moving up strongly at the start once the strong movement downward started. Many if not almost all other stocks have felt the pain today. What is there to do in a situation where nothing except the collective movement matters? Be careful. Don't panic but don't react to quickly without assessing the situation. We haven't had a down day like this in a good while. There very well could be more to come now that people get this ubrupt change in direction.
I'll have more to say in a bit.
CM
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