by Brian Maher
“We’re faced with the most critical time since the financial crisis.”
This we have on the grim authority of money man Sven Henrich.
Last evening prepared us for this morning’s hells…
In overnight trading, S&P futures plunged 5% in four hours. The selling frenzy tripped the “circuit breakers.”
These fail-safes were installed after 1987’s “Black Monday” to prevent encores.
Thus S&P futures trading screeched to a halt, suspended… lest the fever deepen.