The six month run in the market made market participants too complacent. We are seeing the same brave souls who were buying hand over fist just wanting the pain to stop. The excuse for the selling is rumors that a nuclear meltdown is imminent.
I believe buying into this panic is the right move and have put my money where my mouth is. However, because market participants were so bullish heading into this crisis its possible that the selling can last for longer that it normally would. That said, I believe that once it is over these buys will be rewarded. Have a good night.