The market is showing signs that it could hit the panic button
It's easy to get caught up in the 'every minute' headlines and not see the larger picture
The market isn't looking in good shape right now and when we start to see similar patterns across a wide range of markets it gets the alarm bells ringing
Major currencies are falling, commodities are falling, Stock markets are falling, US bonds are seeing safety flows, European bonds are probably being supported, otherwise yields would be blowing out there. Everywhere I look I see signs that the market is getting nervous
The worries are the US economy and rates, China, low inflation, weak growth, Greece, you name it, if it's bad it's in the mixing pot and when those worries get too much for the market there usually is only one option. Hit the panic button and ask questions later
The signals are there that we get a good old fashioned blow up. I don't think we're quite teetering on the edge right now but we're certainly looking over it