On Monday, European commodities and mining powerhouse Glencore had a very bad day, and its shares dropped 29%.
Maybe you hadn't heard of Glencore before Monday. But I'd wager that, by the end of this year, everyone will know the name. Just like they know the names AIG, Lehman Brothers, and Bear Stearns.
You see, what's happening with Glencore is an eerie, picture-perfect replay of what happened in the AIG meltdown of 2008.
And what happens next is going to rock the entire market.