Risk markets fully coupled in global downturn and deleveraging

Good summary of selling forces at work today. Participants are seeing the downside of phantom liquidity courtesy of levered traders that have been toying with world markets over the past several months.

Insight on the day’s major selloff, with Ira Epstein, The Linn Group; Frank McGhee, Integrated Brokerage Services; Stephen Schork, The Schork Report and Komal Sri-Kumar, Sri-Kumar Global Strategies. Here is a direct link.

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