The Nasdaq's island reversal of fortune just trapped gamblers in the casino. So they played another hand of BTFD. What else?
At the lows today, the casino was enjoying another 90% down day. But don't take my word for it...
Which would take out the last leg of the stool and monkey hammer the Gundlach short Treasury trade. You know, just like last year:
CNBC: March 2017
Fed Hikes, Adopts Less Hawkish Tone
And then shit gets real
"political uncertainty is overshadowing Fed policy"