The stock market is on fire this morning (pre-market), and everyone is heading for the exit. Or, more accurately, someone yelled fire in the crowded theatre and everyone is losing their minds.
If not.............
- Dow Jones is trading around 24,000 this morning, down almost 19% from it 29,568 high just a couple of weeks ago.
- S&P 500 is trading around 2,800, down 17% from its 3,393 high a couple of weeks ago.
- Small Caps are officially in bear market territory as the Russel 2000 index is down around 21% since its January high as of this morning.
If not.............