Whole group. Well tell what you. First, the global selloff. Markets everywhere from europe to asia to south america all getting hit over the past month except for here in the u. S. , which despite the recent volatility is still up 1 in that time. We know its a small world after all. Is the u. S. The next market thats about to crack . Guy . The vix closed lower today, we mentioned that last night the warning signs are not there in the vix pete can speak to that the selloff in the hang seng index to me has been very interesting and something you have to continue to watch. I mentioned it because look at where we topped at the hang seng at the beginning of 2008, 30,000 look where weve traded up to and failed over the last couple of weeks the selloff has been pretty quick. Tenyear yields in china have gone up to 4 . Its clear the Chinese Government is tamping on the brakes you have to wonder is that causing some sort of cascade effect right now its manifesting itself in the hsi. You have to
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