Eight Reasons to Dump Your Equities Right Now

``Market psychology was summed up very well by David Riley, head of credit at BlueBay Asset Management, who told The Wall Street Journal, "Fundamentally, the lesson to be drawn from this year is that when you've had shocks -- whether it's China or the oil price falls -- you've got policy relief" from central banks.  I would respectfully suggest that this is the wrong lesson since central banks are making things worse, not better, and leading markets further out on limbs that are likely to snap off.'' -- See also Debt-To-EBITDA Ratios Are Now The Highest In History.