This widespread reaction tells me that everyone is long and un-hedged.
Small and mid-cap stocks have further to fall.
You know it is a global debacle when both the Russell 2000 and the DAX break down at the same time from virtually identical and massive peaking patterns
Hope and complacency have been at extreme levels.
The Volatility Index, or VIX, has been a mirror image of the S&P for months.
It's even a mirror image on an hour-to-hour basis.
Stock market peaks and bottoms come with certain characteristics.
The current stock market cycle is like a roller coaster.
The Federal Reserve has acted as the roller coaster's lift chain.
That roller coaster peaked with a wedge pattern seen in stock markets all over the world.
The market is now off of that lift chain. We might see some rallies, but gravity will keep pulling stocks down.
These roller coaster patterns aren't without precedent.
Morgan Stanley thinks there are ways to invest in a slowing economy...
