"We know what the three culprits for this violence are," he said. "One is China and its adolescence, two is the relentless decline of crude and its impact on the credit complex and sovereigns. And then three is the Fed, and fear of Fed self doubt."
MNK closed Tuesday at $63.01. The consensus price target is $97. Market-wide sell-offs provide opportunity, and this blue chip is the epitome of cheap right now. When a stock of this quality hits these low levels, savvy investors with dry powder can make out like bandits.