ASX freefalls from impossible heights

The bloodbath sloshes on. The AUD gapped lower this morning:

Bonds are hovering at enormous gains:

XJO gapped lower and the next chart support is in the mid-5000s:

S&P futures are hosing the Fed:

Big Iron is melting down as FMG’s broken head and shoulders top gaps into madness:

Big Gas is burning:

Big Gold is poo:

Big Banks trap door:

Big Realty can fall so much further:

The whole bloody bourse can. It’s now trading just below a massively expensive 17x forward before any earnings have been discounted. In the GFC it bottomed at 8x after discounting.

The recent dancing blowoff has fallen straight into a bottomless pit.