Last week, the markets were going to zero thanks to Ebola and Netflix.
Nike was the new Fila and Apple was the next Blackberry.
The $VIX spiked to 28 and the ‘Fear and Greed Index’ on CNN was 1.
I was a buyer and outlined some of them in this blog post.
As of this morning I am out of 3/4 of the stock I rented. I was willing to own for longer, but I will take the large quick gains.
Biotech has continued to lead this market and barely budged in the big panic of 2014. It has quickly reasserted itself.
For now, panic has subsided, but if you were scared and hoped your pain would end, today is a much better day to sell.