If we didn't know who RBA assistant governer Guy Debelle was before this morning we certainly do now. His comments that that markets are likely heading for a "violent sell-off" have caught the eye. It's unusual for a centrral banker to be open, frank and transparent so we ought to welcome his observations. Worth a read to get the context here and his comments about market makers here
"But there are probably a sizeable number of investors who are presuming they can exit their positions ahead of any sell-off. History tells us that this is generally not a successful strategy. The exits tend to get jammed unexpectedly and rapidly."
Could have written it myself!