As seen at today:

The bond market is going right down the tubes – spreads are 20-30bps wider today and any bid is getting creamed…this is the worst i have ever seen including 91, 98 and 02.

the street is crumbling under inventory, traders are getting called back from vaca and guys are getting tapped on the shoulder (not to get down but fired).

Dow Jones just finished making the head, today we will start working on the right shoulder.

If  you forgot to panic before, now it’s the right time 🙂