Brent oil slumps below $100 handle and even tests sub 98 before a rebound. The volatility across the commodos market feels like GFC...
@kyt - a lot of damage has happened to the commodos with long time frame rallies taking hits. Reversing a 3yr rally in 2 weeks is not funny. The panic sell episode is followed by a huge relief bounce, but the damage has been done. In the short term I expect the bounce to hold, but the selling is not yet done.
Don't stand infront of the derailed train!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!