Tuesday, September 29, 2015

Panic Is Beginning To Engulf The World

"With Japan’s stock market plunging nearly 4 percent as fear spreads across the globe, today King World News is pleased to share an extraordinary piece which takes a look at the remarkable panic that is beginning to engulf the world.  This piece also includes a key illustrations that all KWN readers around the world must see.
September 29 (King World News) – Jason Goepfert at SentimenTrader:  The Market CDX North America High-Yield Index (CDX) jumped 20% on Monday. That’s the largest jump in at least a decade, as traders scramble to buy protection against widespread defaults in high-yield bonds (see chart below).
SentimenTrader I 9:29:2015
A month after the 5 times it jumped 15% or more in a day, the S&P 500 was higher each time by an average of 3.1%. A month after it jumped 10% or more, the S&P rose 13 out of 18 times (see chart above).”
King World News note:  If you look at the chart you can see the panic spike above above the 500 level that is the massive 20 percent surge that SentimenTrader was noting.  That surge represents serious fear.  It will be interesting to see if disaster strikes or if the central planners are able to smooth things over once again..."
at http://kingworldnews.com/panic-is-beginning-to-engulf-the-world/

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