History repeats itself. This is Obamas legacy on Wall Street. An humongous asset bubble, blown up from quantitive easing from the Fed, unraveling due to toxic derivatives and leveraged instruments.
Obama didn’t break the banks up or regulate the derivative market. Now we will all pay the price again. If you have a 401k or money in the market, I suggest you move it to a safe place. Things are about to get bad
Jim Cramer explains how the market-wide sell-off is being exacerbated by obscure volatility trading vehicles.