Good Morning. The VIX is approaching the 20 level, which is about average over the span of history. To be able to pay an average price for protection during times that are far from normal is a bargain. Despite the certainty of the bulls that making money is as easy as buying a nearly bankrupt company, nobody knows what lies ahead as these are unprecedented times.
Goldman Sachs is selling off because it did not beat the whisper number, circa 1999. I believe the market will see a major top in the coming days. While I would prefer to see the market top out on good news, I would not be surprised if the top is already in.