SPYfall 2

I've been paying attention to the financial markets for the last eight years. Never have I seen such volatility and pessimism. The NYSE has halted a few minutes into the open because of a steep 7% drop.

U.S. stocks hit critical circuit breaker levels on Thursday minutes after the opening bell for the second time this week as global markets plunged amid investor fears about the coronavirus global pandemic.

SPY has gone from a high of $339 to $250 in under a month. That's a staggering 26% drop. TVIX has gone from $40 to $420 in about three weeks.