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Friday October 10, 3:14 pm ET By John Kicklighter, Currency Strategist strategist@dailyfx.com It is difficult for anyone to miss the massive wave of risk aversion that has washed over the global markets these past two weeks. With basic lending and borrowing (the lifeblood of the financial system) frozen by oppressively high rates, the markets are being held hostage by sentiment; and until pessimism eases, the risk-related assets will maintain their bearish trajectories. • Worst Market Crash In Recent History Sends Risk Appetite And Carry Plummeting • DailyFX Carry Trade Index Near Five Year Low As Volatility Indicator Hits Recent Record High • Is This Irrational Exuberance And What Can Cure It? It is difficult for anyone to miss the massive wave of risk aversion that has washed over the global markets these past two weeks.... [read full story]
