Market Is More Fragile Now Than Pre-Lehman

From Zero Hedge:

The significant rise in global systemic risk that occurred in 2008 remained until mid 2010 when it began to subside a little as Jackson Hole and QE2 seemed to allay fears somewhat. However, in the last year or so, BofA's market fragility index has soared higher alarmingly signaling higher systemic risks than in the peak pre-Lehman era. This confirms the massively elevated signal for global systemic risk that credit markets are also sending.

http://www.zerohedge.com/news/market-more-fragile-now-pre-lehman