STOCKS DROP. Extreme Risk. Read This...
From Greg M
Lions and friends…
The debt market is flashing more than a warning sign this morning.
As I am writing this, all the major stock market averages are lower, see the image below.
Bonds are selling off, which has pushed the 10 yr yield higher, see image below.
The MMRI is also higher, see image below.
What can happen?
If risk continues to rise, I would expect to see the stock market continue to fall under pressure-which could potentially be very substantial.
GM
The Fed will put on the Superman Cape and save the day. Meanwhile us peasants will take it up the caboose as usual.
The cycle low is June. We have Martin Armstrong and Nenner who warned about May/early June for 6 months.. here we go!!