Albert Edwards On The Selloff: "Comparisons With October 1987 Are Entirely Justified"
![Albert Edwards On The Selloff: "Comparisons With October 1987 Are Entirely Justified" Albert Edwards On The Selloff: "Comparisons With October 1987 Are Entirely Justified"](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/44190bab724e9d662cfa4e8e028d5830-600x316.jpg?itok=5cSUEYrj)
Last week, when equities were still blissfully hitting daily record highs, we showed the one "chart that everyone is talking about", or if they weren't they soon would be: the sharp, sudden disconnect between the junk bond and stock market ...
... a disconnect which - as we showed at the time - was last observed in mid-August 2015, just days before the infamous ETFlash crash. Fast forward to day, with stocks suddenly hitting air pockets around the globe and rapidly catching down to junk yields...