Hey smart guy,
Merck on Wednesday announced one of the most major breakthroughs in cancer therapy ever, with FDA approval for a cervical cancer drug. The stock was in the $34 range, at the time. Guess where it closed on Friday. Oh, look it up yourself. The point was, when the market is in a freefall, as it was that day, down over 200 points, folks are looking for the exits, not putting money to work.