To look at the markets -- all of the markets -- you'd think we're on the precipice of another 2008-type unwinding.
Every market has taken it on the chin in the past several days, and some have literally gotten slaughtered -- municipal bonds, stocks and particularly commodities.
I suppose this is to be expected. We have, after all, experienced quite a decent run in all of the capital markets in the last few months, particularly in commodities, and a sell-off can be part of the cycles of a healthy recovery, too.
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