What happens on friday??? Scary, Scary?

BoE's Bailey spoke in Washington this afternoon, initially warning that "market volatility went beyond bank stress tests" (which is scary), then reinforcing the "serious risk to UK financial system stability," noting that the buying program is "temporary".

But the piece de resistance was his noting that BoE will be out by the end of the week, adding a simple threat...

“My message to the funds involved and all the firms is you’ve got three days left now,” Bailey said at an event in Washington on Tuesday.

“You’ve got to get this done. The essence of financial stability, is that it (intervention) is temporary. It’s not prolonged.”

Our tweet says it all...(Roughly translated: 'you have 3 days to sell everything')...

https://www.zerohedge.com/markets/boes-bailey-sparks-market-chaos-pension-fund-threat