“There’s Real Fear & Panic Out There” But Imbalances Don’t Last

Authored by Sven Henrich via NorthmanTrader.com,

It’s been a long journey from Lying Highs in September to the carnage we are witnessing in markets now. The bull market trend looks broken and political chaos is adding to lousy sentiment.

Markets overshot to the upside and now they’re overshooting to the downside (in the short term at least) creating an imbalance in charts and signals that will need to repair itself technically in the weeks and months ahead. I’m of the perhaps variant view that only once that repair effort has taken place we can then fully assess whether this market is onto a multi-year bear market journey. It sure looks this way at the moment.

My update here then is context of Perspective and Dirty Rally.

All that I outlined in these articles still applies.

The risk range I’ve been pointing to has been reached and quickly so:

Whether Friday was the low remains unconfirmed. It is notable that the 2000 analog I’ve been pointing to so far plays a charm as markets bottomed on December 21 back then:

Hence it remains entirely possible that we’ve seen a low on Friday or may before cash open on Monday.

Political chaos in DC has now overtly infected market sentiment. Friday’s government shutdown talk and now the reality of the same is causing consternation, as were Navarro’s negative China comments on Friday afternoon.

Weekend news reports that president Trump is considering firing Fed Chair Powell is causing literal panic talk in the financial world and hence it is no accident that Treasury Secretary Mnuchin took it upon himself to attempt damage control before futures open on Sunday:

You can make of it as you wish, but I have little doubt that the former Goldman Sachs employee is getting an earful from the financial community.

Make no mistake about it, there’s real fear and panic out there as markets are dislocating to the downside.

Given the political risk bleeding into markets further downside risk can’t be excluded.

For $ES the risk range extends into its .618 fib and the weekly 200MA:

And the monthly 50MA and lower monthly Bollinger Band are sitting in the 2340 zone:

I can’t say whether we reach these levels in the near term as clearly Mnuchin and others are working hard at damage control, but these levels must be part of the risk profile. But if these levels were to be reached in the near term I suspect current market downside would be contained in their proximity. For now at least.

As I mentioned earlier markets have dislocated to the downside creating imbalances and these imbalances are apparent everywhere in charts and signals and I’ll highlight a few examples.

But note that on many charts we are showing 2008/2009 like conditions, something that is entirely inconsistent with the earnings and economic data we’re still seeing:

It’s almost as if markets are pricing in a financial crisis that has yet to occur.

Consider:

$BPSPX: Back to levels not seen since 2009:

$NDX components below their 200MA at readings not seen since the financial crisis:

$SPX components below their 200MA at readings not seen since the financial crisis or the bottom of the 2011 correction:

$NYHILO near rock bottom:

$NYMO weekly close at -99:

I could go on, but you get the message: These markets are extremely oversold with readings seen either at bottoms or at points where significant counter rallies have emerged in the past.

In context we see imbalances everywhere.

$SPX is now 13% below its daily 200MA:

$RUT is as oversold on the weekly chart as it was during the financial crisis:

But where is the financial crisis? I see slowing growth and concerns about a coming recession, all of which is true, but I’ve yet to see evidence of a financial crisis.

What I do see are markets that dosed out on a tax cut and 10 years of artificial liquidity and are now paying the price for excess optimism. Now it’s hangover time and when you’re hung over every bit of noise makes the headache worse. Time to sleep it off and let markets heal, and this is the process I expect markets to undergo once things calm down a bit.

As of now we have massive imbalances to the downside and these disconnects will cause an effort at a reconnect. With earnings data coming in January and increased pressure to resolve the trade wars likely producing some attempts at resolution in Q1 2019 we can then reassess the bull/bear market debate with updated information.

Despite technical extensions bulls kept screaming for every higher targets in September. Bears are now screaming for ever lower targets in December. Ignore the screaming. Focus on the technicals. Everybody chill. Imbalances don’t last.

* * *

For the latest public analysis please visit NorthmanTrader. To subscribe to our market products please visit Services.

 

 

“There’s Real Fear & Panic Out There” But Imbalances Don’t Last <body> <h1> Array ( [0] => &#7220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [1] => &#u220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [2] => &#i220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [3] => &#9220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [4] => &#8120;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [5] => &#8q20;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [6] => &#8w20;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [7] => &#8320;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [8] => &#8210;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [9] => &#82q0;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [10] => &#82w0;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [11] => &#8230;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [12] => &#8229;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [13] => &#822o;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [14] => &#822p;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [15] => &#822-;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [16] => &#8220;rhere&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [17] => &#8220;fhere&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [18] => &#8220;ghere&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [19] => &#8220;yhere&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [20] => &#8220;6here&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [21] => &#8220;5here&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [22] => &#8220;tgere&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [23] => &#8220;tbere&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [24] => &#8220;tnere&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [25] => &#8220;tjere&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [26] => &#8220;tuere&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [27] => &#8220;tyere&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [28] => &#8220;thwre&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [29] => &#8220;thsre&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [30] => &#8220;thdre&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [31] => &#8220;thrre&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [32] => &#8220;th4re&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [33] => &#8220;th3re&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [34] => &#8220;theee&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [35] => &#8220;thede&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [36] => &#8220;thefe&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [37] => &#8220;thete&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [38] => &#8220;the5e&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [39] => &#8220;the4e&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [40] => &#8220;therw&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [41] => &#8220;thers&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [42] => &#8220;therd&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [43] => &#8220;therr&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [44] => &#8220;ther4&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [45] => &#8220;ther3&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [46] => &#8220;there&#7217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [47] => &#8220;there&#u217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [48] => &#8220;there&#i217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [49] => &#8220;there&#9217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [50] => &#8220;there&#8117;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [51] => &#8220;there&#8q17;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [52] => &#8220;there&#8w17;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [53] => &#8220;there&#8317;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [54] => &#8220;there&#8227;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [55] => &#8220;there&#82q7;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [56] => &#8220;there&#8216;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [57] => &#8220;there&#821y;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [58] => &#8220;there&#821u;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [59] => &#8220;there&#8218;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [60] => &#8220;there&#8217;a real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [61] => &#8220;there&#8217;z real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [62] => &#8220;there&#8217;x real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [63] => &#8220;there&#8217;d real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [64] => &#8220;there&#8217;e real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [65] => &#8220;there&#8217;w real fear &amp; panic out there&#8221; but imbalances don&#8217;t last [66] => &#8220;there&#8217;s eeal fear &amp; panic out there&#8221; but imbalances don&#8217;t last [67] => &#8220;there&#8217;s deal fear &amp; panic out there&#8221; but imbalances don&#8217;t last [68] => &#8220;there&#8217;s feal fear &amp; panic out there&#8221; but imbalances don&#8217;t last [69] => &#8220;there&#8217;s teal fear &amp; panic out there&#8221; but imbalances don&#8217;t last [70] => &#8220;there&#8217;s 5eal fear &amp; panic out there&#8221; but imbalances don&#8217;t last [71] => &#8220;there&#8217;s 4eal fear &amp; panic out there&#8221; but imbalances don&#8217;t last [72] => &#8220;there&#8217;s rwal fear &amp; panic out there&#8221; but imbalances don&#8217;t last [73] => &#8220;there&#8217;s rsal fear &amp; panic out there&#8221; but imbalances don&#8217;t last [74] => &#8220;there&#8217;s rdal fear &amp; panic out there&#8221; but imbalances don&#8217;t last [75] => &#8220;there&#8217;s rral fear &amp; panic out there&#8221; but imbalances don&#8217;t last [76] => &#8220;there&#8217;s r4al fear &amp; panic out there&#8221; but imbalances don&#8217;t last [77] => &#8220;there&#8217;s r3al fear &amp; panic out there&#8221; but imbalances don&#8217;t last [78] => &#8220;there&#8217;s rezl fear &amp; panic out there&#8221; but imbalances don&#8217;t last [79] => &#8220;there&#8217;s resl fear &amp; panic out there&#8221; but imbalances don&#8217;t last [80] => &#8220;there&#8217;s rewl fear &amp; panic out there&#8221; but imbalances don&#8217;t last [81] => &#8220;there&#8217;s reql fear &amp; panic out there&#8221; but imbalances don&#8217;t last [82] => &#8220;there&#8217;s reak fear &amp; panic out there&#8221; but imbalances don&#8217;t last [83] => &#8220;there&#8217;s reap fear &amp; panic out there&#8221; but imbalances don&#8217;t last [84] => &#8220;there&#8217;s reao fear &amp; panic out there&#8221; but imbalances don&#8217;t last [85] => &#8220;there&#8217;s real dear &amp; panic out there&#8221; but imbalances don&#8217;t last [86] => &#8220;there&#8217;s real cear &amp; panic out there&#8221; but imbalances don&#8217;t last [87] => &#8220;there&#8217;s real vear &amp; panic out there&#8221; but imbalances don&#8217;t last [88] => &#8220;there&#8217;s real gear &amp; panic out there&#8221; but imbalances don&#8217;t last [89] => &#8220;there&#8217;s real tear &amp; panic out there&#8221; but imbalances don&#8217;t last [90] => &#8220;there&#8217;s real rear &amp; panic out there&#8221; but imbalances don&#8217;t last [91] => &#8220;there&#8217;s real fwar &amp; panic out there&#8221; but imbalances don&#8217;t last [92] => &#8220;there&#8217;s real fsar &amp; panic out there&#8221; but imbalances don&#8217;t last [93] => &#8220;there&#8217;s real fdar &amp; panic out there&#8221; but imbalances don&#8217;t last [94] => &#8220;there&#8217;s real frar &amp; panic out there&#8221; but imbalances don&#8217;t last [95] => &#8220;there&#8217;s real f4ar &amp; panic out there&#8221; but imbalances don&#8217;t last [96] => &#8220;there&#8217;s real f3ar &amp; panic out there&#8221; but imbalances don&#8217;t last [97] => &#8220;there&#8217;s real fezr &amp; panic out there&#8221; but imbalances don&#8217;t last [98] => &#8220;there&#8217;s real fesr &amp; panic out there&#8221; but imbalances don&#8217;t last [99] => &#8220;there&#8217;s real fewr &amp; panic out there&#8221; but imbalances don&#8217;t last [100] => &#8220;there&#8217;s real feqr &amp; panic out there&#8221; but imbalances don&#8217;t last [101] => &#8220;there&#8217;s real feae &amp; panic out there&#8221; but imbalances don&#8217;t last [102] => &#8220;there&#8217;s real fead &amp; panic out there&#8221; but imbalances don&#8217;t last [103] => &#8220;there&#8217;s real feaf &amp; panic out there&#8221; but imbalances don&#8217;t last [104] => &#8220;there&#8217;s real feat &amp; panic out there&#8221; but imbalances don&#8217;t last [105] => &#8220;there&#8217;s real fea5 &amp; panic out there&#8221; but imbalances don&#8217;t last [106] => &#8220;there&#8217;s real fea4 &amp; panic out there&#8221; but imbalances don&#8217;t last [107] => &#8220;there&#8217;s real fear &zmp; panic out there&#8221; but imbalances don&#8217;t last [108] => &#8220;there&#8217;s real fear &smp; panic out there&#8221; but imbalances don&#8217;t last [109] => &#8220;there&#8217;s real fear &wmp; panic out there&#8221; but imbalances don&#8217;t last [110] => &#8220;there&#8217;s real fear &qmp; panic out there&#8221; but imbalances don&#8217;t last [111] => &#8220;there&#8217;s real fear &anp; panic out there&#8221; but imbalances don&#8217;t last [112] => &#8220;there&#8217;s real fear &akp; panic out there&#8221; but imbalances don&#8217;t last [113] => &#8220;there&#8217;s real fear &ajp; panic out there&#8221; but imbalances don&#8217;t last [114] => &#8220;there&#8217;s real fear &amo; panic out there&#8221; but imbalances don&#8217;t last [115] => &#8220;there&#8217;s real fear &aml; panic out there&#8221; but imbalances don&#8217;t last [116] => &#8220;there&#8217;s real fear &am-; panic out there&#8221; but imbalances don&#8217;t last [117] => &#8220;there&#8217;s real fear &am0; panic out there&#8221; but imbalances don&#8217;t last [118] => &#8220;there&#8217;s real fear &amp; oanic out there&#8221; but imbalances don&#8217;t last [119] => &#8220;there&#8217;s real fear &amp; lanic out there&#8221; but imbalances don&#8217;t last [120] => &#8220;there&#8217;s real fear &amp; -anic out there&#8221; but imbalances don&#8217;t last [121] => &#8220;there&#8217;s real fear &amp; 0anic out there&#8221; but imbalances don&#8217;t last [122] => &#8220;there&#8217;s real fear &amp; pznic out there&#8221; but imbalances don&#8217;t last [123] => &#8220;there&#8217;s real fear &amp; psnic out there&#8221; but imbalances don&#8217;t last [124] => &#8220;there&#8217;s real fear &amp; pwnic out there&#8221; but imbalances don&#8217;t last [125] => &#8220;there&#8217;s real fear &amp; pqnic out there&#8221; but imbalances don&#8217;t last [126] => &#8220;there&#8217;s real fear &amp; pabic out there&#8221; but imbalances don&#8217;t last [127] => &#8220;there&#8217;s real fear &amp; pamic out there&#8221; but imbalances don&#8217;t last [128] => &#8220;there&#8217;s real fear &amp; pajic out there&#8221; but imbalances don&#8217;t last [129] => &#8220;there&#8217;s real fear &amp; pahic out there&#8221; but imbalances don&#8217;t last [130] => &#8220;there&#8217;s real fear &amp; panuc out there&#8221; but imbalances don&#8217;t last [131] => &#8220;there&#8217;s real fear &amp; panjc out there&#8221; but imbalances don&#8217;t last [132] => &#8220;there&#8217;s real fear &amp; pankc out there&#8221; but imbalances don&#8217;t last [133] => &#8220;there&#8217;s real fear &amp; panoc out there&#8221; but imbalances don&#8217;t last [134] => &#8220;there&#8217;s real fear &amp; pan9c out there&#8221; but imbalances don&#8217;t last [135] => &#8220;there&#8217;s real fear &amp; pan8c out there&#8221; but imbalances don&#8217;t last [136] => &#8220;there&#8217;s real fear &amp; panix out there&#8221; but imbalances don&#8217;t last [137] => &#8220;there&#8217;s real fear &amp; paniv out there&#8221; but imbalances don&#8217;t last [138] => &#8220;there&#8217;s real fear &amp; panif out there&#8221; but imbalances don&#8217;t last [139] => &#8220;there&#8217;s real fear &amp; panid out there&#8221; but imbalances don&#8217;t last [140] => &#8220;there&#8217;s real fear &amp; panic iut there&#8221; but imbalances don&#8217;t last [141] => &#8220;there&#8217;s real fear &amp; panic kut there&#8221; but imbalances don&#8217;t last [142] => &#8220;there&#8217;s real fear &amp; panic lut there&#8221; but imbalances don&#8217;t last [143] => &#8220;there&#8217;s real fear &amp; panic put there&#8221; but imbalances don&#8217;t last [144] => &#8220;there&#8217;s real fear &amp; panic 0ut there&#8221; but imbalances don&#8217;t last [145] => &#8220;there&#8217;s real fear &amp; panic 9ut there&#8221; but imbalances don&#8217;t last [146] => &#8220;there&#8217;s real fear &amp; panic oyt there&#8221; but imbalances don&#8217;t last [147] => &#8220;there&#8217;s real fear &amp; panic oht there&#8221; but imbalances don&#8217;t last [148] => &#8220;there&#8217;s real fear &amp; panic ojt there&#8221; but imbalances don&#8217;t last [149] => &#8220;there&#8217;s real fear &amp; panic oit there&#8221; but imbalances don&#8217;t last [150] => &#8220;there&#8217;s real fear &amp; panic o8t there&#8221; but imbalances don&#8217;t last [151] => &#8220;there&#8217;s real fear &amp; panic o7t there&#8221; but imbalances don&#8217;t last [152] => &#8220;there&#8217;s real fear &amp; panic our there&#8221; but imbalances don&#8217;t last [153] => &#8220;there&#8217;s real fear &amp; panic ouf there&#8221; but imbalances don&#8217;t last [154] => &#8220;there&#8217;s real fear &amp; panic oug there&#8221; but imbalances don&#8217;t last [155] => &#8220;there&#8217;s real fear &amp; panic ouy there&#8221; but imbalances don&#8217;t last [156] => &#8220;there&#8217;s real fear &amp; panic ou6 there&#8221; but imbalances don&#8217;t last [157] => &#8220;there&#8217;s real fear &amp; panic ou5 there&#8221; but imbalances don&#8217;t last [158] => &#8220;there&#8217;s real fear &amp; panic out rhere&#8221; but imbalances don&#8217;t last [159] => &#8220;there&#8217;s real fear &amp; panic out fhere&#8221; but imbalances don&#8217;t last [160] => &#8220;there&#8217;s real fear &amp; panic out ghere&#8221; but imbalances don&#8217;t last [161] => &#8220;there&#8217;s real fear &amp; panic out yhere&#8221; but imbalances don&#8217;t last [162] => &#8220;there&#8217;s real fear &amp; panic out 6here&#8221; but imbalances don&#8217;t last [163] => &#8220;there&#8217;s real fear &amp; panic out 5here&#8221; but imbalances don&#8217;t last [164] => &#8220;there&#8217;s real fear &amp; panic out tgere&#8221; but imbalances don&#8217;t last [165] => &#8220;there&#8217;s real fear &amp; panic out tbere&#8221; but imbalances don&#8217;t last [166] => &#8220;there&#8217;s real fear &amp; panic out tnere&#8221; but imbalances don&#8217;t last [167] => &#8220;there&#8217;s real fear &amp; panic out tjere&#8221; but imbalances don&#8217;t last [168] => &#8220;there&#8217;s real fear &amp; panic out tuere&#8221; but imbalances don&#8217;t last [169] => &#8220;there&#8217;s real fear &amp; panic out tyere&#8221; but imbalances don&#8217;t last [170] => &#8220;there&#8217;s real fear &amp; panic out thwre&#8221; but imbalances don&#8217;t last [171] => &#8220;there&#8217;s real fear &amp; panic out thsre&#8221; but imbalances don&#8217;t last [172] => &#8220;there&#8217;s real fear &amp; panic out thdre&#8221; but imbalances don&#8217;t last [173] => &#8220;there&#8217;s real fear &amp; panic out thrre&#8221; but imbalances don&#8217;t last [174] => &#8220;there&#8217;s real fear &amp; panic out th4re&#8221; but imbalances don&#8217;t last [175] => &#8220;there&#8217;s real fear &amp; panic out th3re&#8221; but imbalances don&#8217;t last [176] => &#8220;there&#8217;s real fear &amp; panic out theee&#8221; but imbalances don&#8217;t last [177] => &#8220;there&#8217;s real fear &amp; panic out thede&#8221; but imbalances don&#8217;t last [178] => &#8220;there&#8217;s real fear &amp; panic out thefe&#8221; but imbalances don&#8217;t last [179] => &#8220;there&#8217;s real fear &amp; panic out thete&#8221; but imbalances don&#8217;t last [180] => &#8220;there&#8217;s real fear &amp; panic out the5e&#8221; but imbalances don&#8217;t last [181] => &#8220;there&#8217;s real fear &amp; panic out the4e&#8221; but imbalances don&#8217;t last [182] => &#8220;there&#8217;s real fear &amp; panic out therw&#8221; but imbalances don&#8217;t last [183] => &#8220;there&#8217;s real fear &amp; panic out thers&#8221; but imbalances don&#8217;t last [184] => &#8220;there&#8217;s real fear &amp; panic out therd&#8221; but imbalances don&#8217;t last [185] => &#8220;there&#8217;s real fear &amp; panic out therr&#8221; but imbalances don&#8217;t last [186] => &#8220;there&#8217;s real fear &amp; panic out ther4&#8221; but imbalances don&#8217;t last [187] => &#8220;there&#8217;s real fear &amp; panic out ther3&#8221; but imbalances don&#8217;t last [188] => &#8220;there&#8217;s real fear &amp; panic out there&#7221; but imbalances don&#8217;t last [189] => &#8220;there&#8217;s real fear &amp; panic out there&#u221; but imbalances don&#8217;t last [190] => &#8220;there&#8217;s real fear &amp; panic out there&#i221; but imbalances don&#8217;t last [191] => &#8220;there&#8217;s real fear &amp; panic out there&#9221; but imbalances don&#8217;t last [192] => &#8220;there&#8217;s real fear &amp; panic out there&#8121; but imbalances don&#8217;t last [193] => &#8220;there&#8217;s real fear &amp; panic out there&#8q21; but imbalances don&#8217;t last [194] => &#8220;there&#8217;s real fear &amp; panic out there&#8w21; but imbalances don&#8217;t last [195] => &#8220;there&#8217;s real fear &amp; panic out there&#8321; but imbalances don&#8217;t last [196] => &#8220;there&#8217;s real fear &amp; panic out there&#8211; but imbalances don&#8217;t last [197] => &#8220;there&#8217;s real fear &amp; panic out there&#82q1; but imbalances don&#8217;t last [198] => &#8220;there&#8217;s real fear &amp; panic out there&#82w1; but imbalances don&#8217;t last [199] => &#8220;there&#8217;s real fear &amp; panic out there&#8231; but imbalances don&#8217;t last [200] => &#8220;there&#8217;s real fear &amp; panic out there&#8222; but imbalances don&#8217;t last [201] => &#8220;there&#8217;s real fear &amp; panic out there&#822q; but imbalances don&#8217;t last [202] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; vut imbalances don&#8217;t last [203] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; nut imbalances don&#8217;t last [204] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; hut imbalances don&#8217;t last [205] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; gut imbalances don&#8217;t last [206] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; byt imbalances don&#8217;t last [207] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; bht imbalances don&#8217;t last [208] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; bjt imbalances don&#8217;t last [209] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; bit imbalances don&#8217;t last [210] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; b8t imbalances don&#8217;t last [211] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; b7t imbalances don&#8217;t last [212] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; bur imbalances don&#8217;t last [213] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; buf imbalances don&#8217;t last [214] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; bug imbalances don&#8217;t last [215] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; buy imbalances don&#8217;t last [216] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; bu6 imbalances don&#8217;t last [217] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; bu5 imbalances don&#8217;t last [218] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but umbalances don&#8217;t last [219] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but jmbalances don&#8217;t last [220] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but kmbalances don&#8217;t last [221] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but ombalances don&#8217;t last [222] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but 9mbalances don&#8217;t last [223] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but 8mbalances don&#8217;t last [224] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but inbalances don&#8217;t last [225] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but ikbalances don&#8217;t last [226] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but ijbalances don&#8217;t last [227] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imvalances don&#8217;t last [228] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imnalances don&#8217;t last [229] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imhalances don&#8217;t last [230] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imgalances don&#8217;t last [231] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbzlances don&#8217;t last [232] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbslances don&#8217;t last [233] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbwlances don&#8217;t last [234] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbqlances don&#8217;t last [235] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbakances don&#8217;t last [236] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbapances don&#8217;t last [237] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbaoances don&#8217;t last [238] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalznces don&#8217;t last [239] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalsnces don&#8217;t last [240] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalwnces don&#8217;t last [241] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalqnces don&#8217;t last [242] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalabces don&#8217;t last [243] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalamces don&#8217;t last [244] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalajces don&#8217;t last [245] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalahces don&#8217;t last [246] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalanxes don&#8217;t last [247] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalanves don&#8217;t last [248] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalanfes don&#8217;t last [249] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalandes don&#8217;t last [250] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalancws don&#8217;t last [251] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalancss don&#8217;t last [252] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalancds don&#8217;t last [253] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalancrs don&#8217;t last [254] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalanc4s don&#8217;t last [255] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalanc3s don&#8217;t last [256] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalancea don&#8217;t last [257] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalancez don&#8217;t last [258] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalancex don&#8217;t last [259] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalanced don&#8217;t last [260] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalancee don&#8217;t last [261] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalancew don&#8217;t last [262] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances son&#8217;t last [263] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances xon&#8217;t last [264] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances con&#8217;t last [265] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances fon&#8217;t last [266] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances ron&#8217;t last [267] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances eon&#8217;t last [268] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances din&#8217;t last [269] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances dkn&#8217;t last [270] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances dln&#8217;t last [271] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances dpn&#8217;t last [272] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances d0n&#8217;t last [273] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances d9n&#8217;t last [274] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances dob&#8217;t last [275] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances dom&#8217;t last [276] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances doj&#8217;t last [277] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances doh&#8217;t last [278] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#7217;t last [279] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#u217;t last [280] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#i217;t last [281] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#9217;t last [282] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8117;t last [283] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8q17;t last [284] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8w17;t last [285] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8317;t last [286] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8227;t last [287] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#82q7;t last [288] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8216;t last [289] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#821y;t last [290] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#821u;t last [291] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8218;t last [292] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;r last [293] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;f last [294] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;g last [295] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;y last [296] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;6 last [297] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;5 last [298] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t kast [299] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t past [300] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t oast [301] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t lzst [302] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t lsst [303] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t lwst [304] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t lqst [305] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t laat [306] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t lazt [307] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t laxt [308] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t ladt [309] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t laet [310] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t lawt [311] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t lasr [312] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t lasf [313] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t lasg [314] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t lasy [315] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t las6 [316] => &#8220;there&#8217;s real fear &amp; panic out there&#8221; but imbalances don&#8217;t las5 ) </h1> </body>