History repeats, if you're just willing to listen. The "Dead-Cat-Bubble" is dead as global stocks enter a bear market (down 20% from May 2015 highs) and US equities catch down to the rest of the world.
- *MSCI'S ALL-COUNTRY WORLD INDEX EXTENDS DROP TO 20% FROM RECORD
It would appear the business cycle trumps central planning after all:
Trillions in printed money around the world and its deja vu all over again for the idiocy of "wealth creation"-driven sustainable consumption.
And it's getting worse:
- *DOW AVERAGE EXTENDS ROUT TO 400 POINTS; S&P 500 FALLS 2.8%
And the S&P 500 just broke the October 2014 Ebola Lows...
How long until The Fed Un-Hikes?
Who could have seen this coming?
The decline of faith in The Fed...