Panic Selling in the Overheated Markets (ETFs: EEM, DBC, GLD, IEF, TRF)

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 |  Includes: DBC, EEF-OLD, GLD, IEF, TRF
by: David Fry

Eventually the selling will end. But, like we’ve been saying for some weeks, “panic selling has the potential to occur.” And it is happening in the previously most overheated markets—gold, commodities, emerging markets, overseas and so forth.

Nothing except bonds look good; and they only look good comparatively as a safe haven play. No doubt, there’s plenty of nervousness and a lack of conviction in the bond pits.