Forbes: "Stock Market ‘Carnage’ Set To Worsen As Fed Rate Decision Looms—Here’s How Bad It Could Get"

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Forbes: "Stock Market ‘Carnage’ Set To Worsen As Fed Rate Decision Looms—Here’s How Bad It Could Get"

Excerpt from Forbes quoting DataTrek:

…. “Despite all major indexes closing in bear-market territory on Monday, the CBOE Volatility Index, a measure of expected volatility known as the “fear gauge,” failed to hit levels that are consistent with market lows, Datatrek analysts said in an overnight email, noting markets tend to bottom only after periods of panic selling characterized by high Vix readings….

….In another “very concerning sign” for investors, the dollar has posted “remarkable” strength over the past two days against currencies such as the yen and the euro, Datatrek’s Nicholas Colas and Jessica Rabe said Tuesday, noting unstable foreign-exchange markets have been a common feature of every significant global market dislocation since 1970″….

Full article here on Forbes.