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Originally Posted by MJC///M3
well i dont have real time bloomberg...so its still updating after market close at 4pm...right now...down 780 boys....this is unreal....biggest drop in history....
crude oil fell 10 dollars today!! Dollar up almost a full basis pt on the Euro...so some good news there.
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Global recession = lower oil. I don't like to look at Dow points (& the Dow's a crap index anyway), better to look at S&P and consider % terms.
Really ugly: no lipstick on this pig
3m t-bills paying 30 bps; short term A1 P1 paper over 6% - yikes. Spreads (LIBOR/OIS, Swaps and TED) have all blown out bigtime.
I bet I'm not alone in reconsidering my purchase intentions, may be best to keep some $$ back for the market in '09.
VIX went over 50 intraday - some signs of capitulation here.