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YahooFinance-Bloomberg/Ye Xie, Isabelle Lee, Amelia Pollard and Peyton Forte/6-13-2022
“’Liquidity in the market is worse than it was leading up to Lehman,’ said [Thornburg Investment’s Christian] Hoffmann, who worked at the firm that imploded back then, triggering the worst financial crisis since the Great Depression. It’s the kind of problem that can exacerbate losses in a big way. ‘That creates even more risk, because if the market doesn’t have liquidity, it can gap down very quickly.’”
USAGOLD note: Whether Monday’s market was the foreshock or the full earthquake remains to be seen. Said one perplexed analyst: “People are trying to process what’s behind these large moves. We don’t know for sure.”
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