Dead-Cat-Bounce Done As Dow Dumps 200 Points; Oil, USDJPY, & Bond Yields Plunging

All of yesterday’s v-shaped recovery gains off the lows are gone as the S&P tests new lows and the Dow is down over 200 points. Treasury yields are back at the mid-October Bullard lows – due for lowest close of the year. Oil has collapsed to a $60 handle (now down opver 8% on the week), as Energy stocks have crashed, giving up all of yesterday’s bounce agains. HY credit is blowing wider as HY Energy breaks above 930bps!! USDJPY is tumbling. VIX is up at 17.5.

This post was published at Zero Hedge on 12/10/2014.