A Petrifying Chart Comparison

I have been noticing the striking similarity between the current market action and the Summer of 2008 for several weeks but I have purposely moved it to the back of my mind. After all, there is no way we are going to have another Lehman episode right? Don’t shoot the messenger i’m simply pointing out the similarities:

$CRB/$GLD/$GDX/30-year US Treasury Yield ($TLT)

2008 pre-Lehman:



The $CRB is set to close below the 292-293 support level for the first time since October 2010 which was just before QE2 was formally launched – there is a strong whiff of deflation in the air…..

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