Buckle-up....................from Rico

The apocryphal story about a smart investor deciding to "get out" of the market in 1929 when his shoeshine boy gave him investing advice must not have translated very well into Chinese.

- You know what's happening in their market right now, right? When a banana vendor is playing the market, that's a pretty clear signal to run, not walk, away.

 

A more scientific indicator may be this one, however. The 2007-8 market crash and financial crisis was preceeded by the collapse of junk bonds.

- The very same type of collapse in junk bonds that is happening right now. 

 

While August is usually the doldrums for the financial world, things could get really interesting in September-October.

- Instead of debating whether history is repeating or merely rhyming, I'd suggest buckling-up for the coming ride.