Two charts which run counter to the RISK ON scenario being built - and some indication of overboughtness in risk on

I talked about this one last week - and it seems my contacts were right - also getting daily fixings for Iron Ore ships - and they are way down on last month and now last wek... i.e: China has come to a standstill - the office explanation being: ...less electricity and several factories told to shut down!!!

http://stockcharts.com/h-sc/ui?s=$BDI&p=D&yr=1&mn=0&dy=0&id=p92454611824&a=208643553

also:

I noted this going through my charts this evening: Kind of strange considering the "usual" correlation of higher stock market - lower volatility. I do realise that "uncertainty of path" is higher than ever, but market seems to talk clarity bvlallbal:

http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=1&mn=0&dy=0&id=p08508167790&a=208063813

and THE favorite market of all: High Yield Bonds - coming off - finally?

http://stockcharts.com/h-sc/ui?s=HYG&p=D&yr=1&mn=0&dy=0&id=p68092068102&a=209180512


Finally - S&P: http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p38683252441&a=208565770

Night