Bearish

This is crazy..... That is all that I can say. What changed this market overnight. I believe that there is more than meets the eye. My guess is that some banks or one bank lost a lot of money and we have not heard the news yet. There has been nothing but selling. I cannot believe that Europe is the cause of this. We shall see. I am extremely bearish because the vix is exploding again and that is how it started the last free fall. Be careful and trade small.