Charts, with comment. (Buy fear)

Market has demonstrated MORE fear in this move than Lehman?!?

Yes, this is a major correction. Now you have the numbers.

Bear in mind the marginal buyer/seller. Feels like ETFs/Passive (indiscriminate) are playing a large role.

For all the talk about slowing Chinese GDP and the stock market, it doesn't seem that they're all that connected. Convenient narrative?

Long Bond Outperforming...for a while now

Sentiment went from Bullish to Very Bearish --- Real Fast

In case anyone asks, What happened in China?

David Einhorn's Holdings - this month performance. Ugh.

Eurozone Credit Leading Equities Higher, ahead of Draghi in Jackson Hole

Spreads....

Bear Market Checklist

China is a big player in commodities, but not the only consumer