“Panic In The Air” – Stunned Traders Speechless At The Carnage

“Panic In The Air” – Stunned Traders Speechless At The Carnage. By Tyler Durden.

CNN’s Fear & Greed Index just hit 5… an all-time record low (most extreme fear)…

And, if this holds up next week, will be the worst year for EU stocks since 2008…

It was a total shitshow in US equities – Dow, S&P, Trannies down around 6% on the week, and Nasdaq and Small Caps down a shocking 8% or so … Worst week for Dow, Nasdaq since Oct 2008 (5th week lower in last 6) … Goldman Sachs was a disaster – down over 5% today alone (down 42% from highs)…

We give the final word to none other than Dennis Gartman who said this morning – “Stock prices continue to plunge and there is nothing else that one can say other than that… the internals remain manifestly, harshly, overwhelmingly, one sidedly, shockingly, dismayingly, margin call-creatingly bearish”

Denis Gartman is usually a contrary indicator, because he gets so much wrong. But he is accurately reflecting conventional opinion here, I think.