Finally, after all the years of me making fun of CNBC for their idiotic ‘markets in turmoil’ specials, we actually have one.

The left is blaming the right and the right the left.

Unless you own the Nasdaq, stocks are now flat for the last 12 months. Fat Nixon sure wasted a lot of time and tweets bragging about how great his stock market was.

I am trying to figure out how bad the markets will get. My best guess at what is happening is that we are headed into a recession because of the travel slowdown. Money is hiding out in bonds and Zoom. I don’t think zoom will last and sold the rest of mine on the Corona spike.

I spent a couple hours scanning the streams late last night to find a chart that could put this panic into context. Charlie had the best one…If the week ended today, it would be the largest weekly spike in the Volatility index ever.

People are scared. They are in a panic. They are selling stocks.

I tried a few nibbles and was steamrolled. I had to backpedal.

Assuming we keep crashing tomorrow I will put some more money to work during the day. The two stocks in my portfolio I may try to add to are Google and Mastercard. If (we will) and when we finally bounce, I will figure out which of my core holdings to sell.

I will be focused mostly on indexes in the next few days.

I always share the list of stocks I own on Koyfin in real time. Here they are.

I did sell some $INSP yesterday and the rest of my Zoom ($ZM).

I hope this helps.