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Below are some of the most interesting things I came across this week.

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The action across a number of markets has started to get pretty wild recently. As Mark Ungewitter points out, Paul Tudor Jones said there would be times like this.

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If, as Jeremy Grantham and Edward Chancellor argue, “The U.S. stock market has now been in bubble territory for a prolonged period. Sooner or later, the bubble will burst and the price will return to its historic level,” then we should expect the price action to grow increasingly more volatile, as was seen in shares of RCA about a century ago.

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And, with other markets already displaying this sort of volatility, there may be a broader message to be gleaned. “The S&P 500 has decisively broken down versus gold. That’s a rare signal for stocks that has typically been followed by difficult years for investors,” reports Stifel.

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However, it would appear that, “Gold has only been as expensive relative to other assets once in its modern history, at its 1980 peak,” reports Simon White.

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Is it possible that, even as other markets display “end of bull market” behavior, energy is displaying clear “end of bear market” behavior? As BTIG notes, “Equal-weight energy is breaking out of a multi-year base in absolute terms, and a one-year base in relative terms.”

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