Last week, redemptions in the ETF space involved $5.0 billion from S&P 500 proxies as well as $3.7 billion from the small-cap arena via iShares Russell 2000 (IWM) alone

Last week, at the same time that the Dow had been hitting an all-time high, the Russell 2000 had been crossing below its long-term 200-day trendline.

Here is something that investors can take to their “to-big-too-fail” banks: Authorities in China will never allow a full-blown credit crisis to decimate the world’s 2nd largest economy. Disappointing manufacturing data, a falling yuan and the country’s first junk bond default have all contributed to perceived investing risks.