THE RISK CYCLE IS OVER: Wave 3 Panic On Deck

RISK OFF in currency
RISK OFF in growth/momentum 
RISK OFF in Commodities
RISK OFF in Banks/Financials
RISK OFF in Credit
RISK OFF to Gold
RISK OFF in IPO

RISK ON: Guns, Beer, Cigarettes, Cereal

Tech RISK OFF: The Nasdaq has left the building...

Nasdaq up volume / NYSE up volume

Sector RISK OFF

"It was a crowded trade"
P/E of recession stocks:

Small caps RISK OFF

Global Stocks RISK OFF
Global Dow

Currency risk off

IPO Risk OFF

Financials RISK OFF

S&P/Dow RISK OFF

All of which can mean only one thing to a stoned Idiocracy...

Hedges OFF: