Market Roundup
Dow
15,988.08 (-390.97)
Gold
$1,088.40 (+$14.80)
Oil
$30.70 (-$1.41)
No, I’m not yelling “Fire” in a crowded theater with that headline. I’m merely pointing out that the one major missing ingredient to this ugly, nasty start to the year has been panic. Aggressive, unadulterated selling that results from primal fear of losses.

Don’t believe me? Then just look at the S&P Volatility Index, or VIX. In August, it soared to more than 53 when the market melted down. In October 2014, it jumped to more than 31.

To read the rest of my Afternoon Edition, click here ...