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The Fed Isn’t Your Friend: NY Fed wunderkind-turned-Credit Suisse strategist Zoltan Poszar On Why The Fed’s Helicopters Are Dropping “Financial Napalm”.

Ride of the "Volkeries" Credit Suisse Managing Director Zoltan Poszar offered a stark warning to investors in his latest note, likening what the Fed has in mind for the stock market to the Air Cavalry's attack on the hapless village in Apocalypse Now. 

BOIL

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BZ Chart Of The Day: The Selling Just May Be Getting Started

If history is a guide, there’s a chance that the recent selloff in the market may have just gotten started. As you can see on the below chart of the Dow Jones Industrial Average going back to 1897, the current move lower is barely visible. There have been many bear markets that lasted for many months or even years.

SH