Unwind Continues

From marctomarket.com

The swing in the pendulum of market sentiment toward fear from greed began last week and has carried over into today's activity. Global equities are getting mauled. In the Asia Pacific region, no market was spared as the Nikkei's 3.5% drop, and South Korea's 4.7% fall led the way. In Europe, the Dow Jones Stoxx 600 is recovering from a more than two percent early loss, as it drops for the fifth time in the past six sessions. US shares are heavier, with at least a 1.5% loss anticipated at the opening. Bond markets are not responding much to unwind of risk appetites. European peripheral yields are off around three ... (full story)