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Does everyone remember SPYR Inc. (SPYR), which we introduced to you in last Wednesday's newsletter? I know a few of you went ahead and bought it, and enjoyed the nice pop from the stock right out of the gate.

In case some of you have forgotten what was so compelling about SPYR though, here's the gist - the company recently jumped into the mobile gaming market with an addictive little game called Plucky. It may well be a catalyst for sharp revenue growth from the company. The jaw-dropping part of the story wasn't the fact that SPYR had just proverbially hit the gas and was accelerating from effectively zero to 60 mph in less than six seconds. That was impressive, but not the aspect the tale that could end up making a world of difference for the company. What was amazing was the fact that SPYR finished 2014 with $7 million in cash and $6 million in marketable securities, and no debt.

It's an almost unheard-of situation for a micro cap company to be that well funded and not feeling the burden of debt. More important, access to that kind of cash offers SPYR the flexibility to promote its new mobile game, acquire other revenue-bearing enterprises to supply other forms of cash flow, or a combination of both. That's the power of cash - flexibility. SYPR has it, which is more than half the battle for a young company looking to break into a new business.

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While it might be overdoing it to call Wednesday an ironclad game-changer for the market, it's not too soon to start entertaining the possibility that a long-overdue pullback has begun. Both the NASDAQ and the S&P 500 put some serious pressure on major technical - and last-ditch - floors today. There's still a smidgen of a chance the market could bring itself back from the brink of a meltdown, but there's little doubt stocks are hanging by a thread here.