Chris Vermeulen sits down with Jim Goddard on HoweStreet to discuss the recent massive panic selling in the stock markets. Other than cash, natural gas and the US Dollar are the only two safe havens at the moment.
When fear spikes, people being to liquidate every asset they own no matter the price. A ratio of over three on the panic selling indicator indicates fear is taking over. Recently we peaked at 31 – an extreme level. While this may be a day trader’s heaven, everyone doing longer-term trading should pretty much sit back and watch things unfold.
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