S and P 500 had 20th negative 3% day since ’09.
Winners and losers hammered hard.
Stock buy-back programs suspended prior to earnings season.
Without buy-backs, there have been insufficient buyers to support, much less, push prices to new highs.
MAJOR CHANGE: The Bond Bull Market has probably come to an end! The Bond Bull Market is ESSENTIAL for the standard asset allocation model to function. Is this “Bye-bye” time for boiler plate risk management?
