This is about Europe (its a mess, same thing happened to us in 2008 before QE, they need their own version of QE) and deflationary pressures, also a really strong dollar.....The 10 year Bond is around 2% which tells me money is running for cover right now.
As soon as the dollar tops out, oil will bottom, then go back up again, and so will the oil and commodity plays, pretty scary sell off though ....all IMHO....
“If you want to find the secrets of the universe, think in terms of energy, frequency and vibration (not matter)” - N. Tesla