As an isolated case I would agree, but I'm still betting that this combined with the eurozone events will be the final straws for reversing investor sentiment to precipitate another large global recession.
The underlying causes of the 08 crash in America were never addressed (consumer debt, real growth), and the Fed's interest rate games and QE only served to force investors into riskier and riskier assets, which only hurt productive real investment. All the valuation and volatility metrics have been screaming louder and louder for a long time now.
The underlying causes of the 08 crash in America were never addressed (consumer debt, real growth), and the Fed's interest rate games and QE only served to force investors into riskier and riskier assets, which only hurt productive real investment. All the valuation and volatility metrics have been screaming louder and louder for a long time now.