John Rubino notices that the Nasdaq has been hitting the skids for the past two sessions. No wonder, it’s been hitting unsustainable levels, largely due to just 5-6 stocks. It has become unstable and therefore ready for a plunge. There’s so many pockets of extreme leverage that can’t have a happy ending. This time might be different, but in a really bad way. Debt is a direct threat to the market and the economy.
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