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The real bite the last couple of days was there was no where to run but cash. Usually you would see bonds or even gold catching a bid but everything has been on sale. Today you did see bond yields come in a bit and the 10 yr is already back to 2.68% in from 2.88% less than 48 hours ago. The markets are still selling off world wide as we speak. Japan is down over 5% and London futures are down over 6% while Dow and SP500 futures in overnight trading are off 2% give or take.
A week ago every was screaming that we needed a correction. Today people are screaming cause we are getting it.
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