• This equity market correction has now reached the magnitude of some, but not all, of the other major corrections of this bull market
  • Credit flows have again temporarily stopped as they have during many of the equity market corrections of this bull market, as credit funds wait to see if the turbulence creates a better buying opportunity
  • As in the other corrections of this equity bull market, pensions are continuing to allocate record amounts of fresh new tax money to the credit market, indicating there will be even more buyback and M&A activity once the equity selling has run its course

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