“Some very critical things are hidden.”
Nothing goes to heck in a straight line.
Central banks have lost their aura of omnipotence.
Suddenly reality mucks up the rosy scenario.
There’s a lot of air underneath Friday’s close.
Beyond the major indexes, you see stocks running for cover.
The Fed speaks, markets come unglued.
An ugly snapshot.
Watching it happen right before our eyes.
Chesapeake’s Bonds & Shares Collapse amid Junk-Bond Market Rout.