Spooked

[cottonpicken]

A rainy weakend of reading and it seems everyone is
really freaked over what is happening in the markets.

Bernake upset the apple cart and everything is being
sold to raise cash.

Bonds,stocks,commodities all looking weak,currency
depreciation has taken a backseat.

"give me a big enough lever and i can move the
world"-cant remeber who said it but some people
have some big levers.

[VK58]

Makes you realize how fragile the whole so called recovery is, a few ill advised or well chosen words starts the herd stampeding.

[cottonpicken]

The scope and scale of the derivative market is un-
imaginable.Like 10x global gdp.

If rates are allowed to normalize this puts existing
bond values in the toilet.

This will crash all asset prices.

That will implode the global banking system.

LOTS of people believe for the past five years
volatility has been managed,but certain laws exist
that state the sum of the volatility suppressed will be
LESS than the sum of volatility that will eventually
happen.

I doubt anything will happen tonight,but its defiantly
worth watching.