This is how bad things became yesterday as an all-time level of panic was reached, eclipsing 1987, 2008 and 1962.

The Panic Button Has Been Pressed
March 17 (King World News) – Jason Goepfert at SentimenTrader:  It’s been years since we’ve had to dust off the Panic Button. The indicator measures various forms of stress in markets, and it just hit a record high. This has triggered during the worst of market crises over the past 70 years. It’s been several years, but the Panic Button has been pressed…


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The last time we looked at such stress was in January 2016 but we’re far beyond that now.

The indicator incorporates the TED Spread, Junk Bond Yield Spreads, a ratio of Volatility to 3-Month Treasury Bill Yields and High-Yield CDS Spreads. All of these spike higher when uncertainty about the economy, corporate outlooks and stock prices are high, and reach extreme high levels only during times of outright panic.

Anything above 3 on the model could be considered “panic.” As a reflection of just how much anxiety is being priced in, on Thursday the Panic Button hit a record high of 7.7. Based on preliminary data, it eclipsed that again on Monday. (See below).

THIS IS HOW BAD IT WAS: Monday’s Stock Market
Crash Triggered An All-Time Record Level Of Panic!

Global Market Panic
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