KWN Report: Panic is beginning to engulf the world.

“Japan’s stock market plunging nearly 4 percent as fear spreads across the globe.”

Jason Goepfert at SentimenTrader:  “The Market CDX North America High-Yield Index (CDX) jumped 20% on Monday. That’s the largest jump in at least a decade, as traders scramble to buy protection against widespread defaults in high-yield bonds (see chart below).”