Stocks apparently did not like the look of things this morning, and headed south.

And they continued to decline in a big way, going out near the lows.

We are now at the point where we begin to decide whether this is a stiff correction, or something more involved.

Gold rallied further, being pressed down from the 3100 level.

Silver took a hit, in sympathy with stocks. That's often how it goes.

Bitcoin got bit-punched down a bit. It's still wildly overvalued, but all things with time.

VIX of course rose sharply.

I'll relate this even though I wasn't going to say anything, because I think it's funny.

Yesterday I resolved to give up trading for today, as a bit of a Friday sacrifice for Lent. Yes I abstain from meat, but I don't view that as much of an effort.

So I closed out all my positions before the close, and vowed not to trade today, not to even put on positions at or after the close for the weekend.

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