[QUOTE=DAVES;2357093]
Quote:
Originally Posted by ithos
I think you missed the point. When markets tank at the opening and the VIX is sky high with no known catalyst it is in all probability going be a great entry point. It has happen several times before.[/QUOT
Why is the VIX sky high? Only need to watch the NEWS.
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Haven't heard anyone trying to explain why the selloff happened. It is only conjecture but I believe some hedge funds or similar used too much leverage and they get were in a situation in which they don't want to but are forced to sell. I doubt it was every day investors logging on to a website and dumping everything. Maybe it was Warren Buffet dumping Apple or the Nvidia CEO exercising options.
Remember 1987? What caused that? Markets can be strange.