WS is acting like they just heard Iran's news. I guess in a bear market every news, new or old, is bad news. WS just finds a reason to tank. The more underlying agenda is the china hard landing and it's contagion effect on the rest of the world.
This is what i thought too. The asset bubble must be popped before it impacts the economy 2008 style. Janet has repeatedly mentioned that equities are rising beyond its valuations.
However, $30 oil does seem to hold for some reason. Maybe shorts are covering or macro economic events are creating a bottom. I believe oil will need a violent blow to breach the $30 level. oil has gone done in straight line, which is unusual. There has to be some covering before a down turn continues.