“Depart from me, you accursed. For I was hungry and you gave me no food, thirsty and you gave me no drink, a stranger and you did not welcome me, naked and you did not clothe me, sick and in prison and you did not comfort me.' They answer, 'Lord, when was it that we saw you hungry or thirsty or a stranger or naked or sick or in prison, and did not care for you?' He answered, 'Truly I tell you, as you did not do it to one of the least of these, you did not do it for me.’”
Matthew 25:40-46
The equity markets are very short term oversold.
VIX is sky high. This Friday is the quad witching expiration for options. The McClellan Oscillator is in crash or rebound territory.
Stocks could breakdown and plunge, but its more likely we will get some sort of bounce and consolidation, that could last until the weekend or the next major financial default. We *might* see a major relief rally ahead of expiration.
