Dow futures are now over 400 points off the Bullard Bounce highs as it appears The Fed's ability to convince the world it will save it once again is fading. Thanks to deflation-inspiring credit growth in China (yes, you read that right) and Kuroda's implied "we are done for now" comments, growth scares have spread across every asset class with crude and copper clubbed, bonds bid, and stocks tumbling...
JPY is heavily bid as carry trades unwind (JPYUSD futures)
Bullard Bounce dead...
And cruide has collapsed below $30...