Chris joins Jim Goddard from HoweStreet.com. Massive panic selling in the biotechnology and the NASDAQ hit not only the US markets this week but also overseas markets. A mind-boggling 60 shares were being sold on the bid for every one share being bought on the ask on our New York Stock Exchange volume flow indicator.
This currently does seem to be an overreaction with most indexes still have green bars, but does the big money rotating into defensive positions such as gold and silver signal a new trend change? Listen to our podcast to learn more.