Recent commentary highlights a significant downturn in the stock markets, described as a 'massacre.' Analysts and observers have noted that there were potential warning signs leading up to this event, suggesting that the indicators of market instability were present but overlooked. The discourse emphasizes a sense of hindsight regarding the apparent signs of economic distress, including references to a possible real estate bubble. This situation has prompted discussions about the need for better market vigilance and awareness of economic indicators.