Dow was down over 500 points at one point day, Dow and S&P indexes are down over 8% so far this year. January 2016 is on pace for worst month since Nov 2008. All this was led by Crude oil price today plunging over 5%, it is clinging to $29 level.
Same shit different day, another selloff.
CNBC FAST MONEY FINAL TRADES 01/15/2016
Buy iShares 20+ Year Treasury Bond (TLT), trading at $125.75 as of closing 01/15/2016. Bond market is still in play, specifically the treasuries. Few weeks ago, the bonds sold off, yields went up because the Chinese sold off. Yields are trading at around 2% for the 10 year, U.S Treasury yields could trade lower for the rest of the year, even though the Fed raised rates last month.
Buy Netflix (NFLX), trading at $104.04 as of closing 01/15/2016. Netflix reports earnings next Tuesday after market close, play earnings for the upside surprise. Watch for the international growth story.