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Editor's Note: The chart and excerpt below are from today's Morning Newsletter written by Hedgeye CEO Keith McCullough. Click here to begin subscribing and staying a step ahead of consensus. 

"...Unless it’s different this time, Volatility ↑ + Illiquidity ↑ doesn’t end well...

 

...Cannons, as in unadulterated and obliterating launches of money printings and bond buyings. Cowbell, as in “whatever it takes” when German Bund Yields (10yr) double, in 72 hours!..."

CHART OF THE DAY: Cowbell & Cannons! (German Bund Yields) - z 06.05.15 chart