Monday, September 28, 2015

Markets: Today's Terrible, Horrible, Very Bad, Not Good Day




Our friend the Grizzly is also known as Ursus arctos horribilis.

From ZeroHedge:
Stocks Battered To Black Monday Lows Amid Credit Crash, Biotech Bloodbath, & Commodity Carnage
The epicenter of today's earthquake was Biotech and Corporate Bonds... 
Biotechs were bloodbath'd - IBB dropped almost 8% today alone - the biggest drop since August 2011 - testing back to Black Monday lows and now unchanged since October 2014...

This is the longest losing streak for Biotechs since Lehman
Investors should not worry though... 
...And of course - Glencore...

...MUCH MORE