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You know, I really had an intended on making a podcast today.

I had a lot on my plate and I did a podcast yesterday, but the action in the market pretty

much forced me to sit down to the microphone and record another podcast today.

A lot of action in the markets, all the risk assets were sold off broadly today, although

closing well off the lows, the Dow Jones at one time was down close to 600 points before

pairing its losses at the close to just 164 points.

In fact, the Nasdaq almost came back to positive, but all of the markets commodity markets

were down.

Oil was down about two bucks.

Most commodities were lower.

Although lumber I've been talking about finally had a bit of a balance.

It had been selling off earlier than a lot of the other commodities, but the one asset

class that I really want to focus on today is Bitcoin and cryptocurrencies in general,

which really crashed today.

Now that doesn't mean I think the bottom is in.

It's not, but we certainly got a short term capitulation type sell off, which is something

I have been anticipating and warning about for the last couple of weeks on this podcast

...