Last time markets tanked — but bond rallied and yields collapsed because of the perceived safety of treasuries. This time, even with crude down, the US 10yr is now +7bps to 4.12%. Understand the different between than and now and draw your own conclusions.
In my opinion, last time people chalked it up to a one time event and sold stocks down — but rallied around treasuries. This time, everything is being sold except old man stocks.
With VIX at only $15.92, it would seem markets are in for a bit of a tumble, if I don’t say so myself — perhaps a bit more.
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