The fuse is lit. The low put/call ratios predict selling ahead for the stock market probably between 150 and 400 points of downside for the SPX. More worrisome is the failure in the utilities that tells you a far more serious breakdown is in play going forward for stocks for the weeks and months ahead that may make a 400 point drop in the SPX look like child's play.
Plan accordingly if long. Keystone does not own many longs. Pot stocks are still favorites on the long side. Perhaps in a big selloff people are going to want to smoke their worries away. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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