Indiscriminate selling

Across all markets today's selling was a capitulation that sends the message that the days of making money off of money are over. Even gold was down. Trying to call a bottom to this market has been a fools errand, one that has been almost impossible to ignore given the basics of market psychology over this lifetime. The mythology of markets appears to be changing.

A friend says buy the SSO on days when the market is down, and before days when there is no significant market data to be reported. Even that seems bold now. Buy and toss into the wastebasket was once the test of a market bottom. This seems more serious.