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David Rosenberg: "It Was Black Friday Before Black Monday"

• https://www.zerohedge.com, by Tyler Durden

Well, after this week's bloodbathery - and tearing down of the social-media-will-remake-the-global-economy narrative - many are starting to recognize that all is not well... and perhaps, just perhaps, the support pillars of this flimsy potemkin village we call 'the stock market' have already crumbled...

Dollar funding markets are extremely stressed and The Fed's balance sheet contraction (and its implicit tightening of liquidity) is not helping...

Gluskin Sheff's David Rosenberg has been very vocal  about his fears that market participants are blindly ignoring the similarities - fundamentally, geopolitically, and technically - to 1987.

He previously tweeted..."Hmmm. Let's see. Tariffs. Sharp bond selloff. Weak dollar policy. Massive twin deficits. New Fed Chairman. Cyclical inflationary pressures. Overvalued stock markets. Heightened volatility. Sounds eerily familiar (from someone who started his career on October 19th, 1987!)."

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