This Warning Indicator Has Only Been Here 3 Other Times

Though calm was restored after a wild few days in global financial markets, key market signals remained steadfastly negative. One of the most crucial of those even dropped to a level we've only seen three other times in more than 35 years - all three some of the worst cases. Moreover, that one was corroborated by a record low for swaps also set this week. Eurodollar University's Money & Macro AnalysisCNN Money Fed explains the big rate cuthttps://money.cnn.com/2007/10/09/news/economy/fed_minutes_analysis/index.htm?postversion=2007100914The New York Times Dow Breaks 3,000 but Ends at 2,980.20https://www.nytimes.com/1990/07/14/business/dow-breaks-3000-but-ends-at-2980.20.htmlThe New York Times 10.08 RISE PUTS DOW AT 1,020.35https://www.nytimes.com/1981/04/25/business/10.08-rise-puts-dow-at-1020.35.htmlhttps://www.eurodollar.universityTwitter: https://twitter.com/JeffSnider_EDU