Market Talk / Oct. 12 - 18

[Birchtree]

What would happen now if the biggest surprise for the majority would be for a day to day advance from here in the face of all recent economic gloom and doom. Many hedge funds and mutual funds would be left behind - that's perfect.

 

[amoeba]

Crescenzi: Libor Set to Plunge
October 16
CNBC
Posted By:Tony Crescenzi

Libor is probably set to begin falling, perhaps sharply in response to not only the massive support measures announced by the G-7, but also because of the announcement Monday by the Federal Reserve, the Bank of England, the European Central Bank, the Bank of Japan, and the Swiss National Bank regarding actions commenced yesterday by the BOE, ECB, and SNB wherein each offered an unlimited supply of dollars at fixed interest rates, which in yesterday's auction, or tender, was substantially below Libor......
http://www.cnbc.com/id/27214160
[I hope you're right, Tony]

he's wishing....."perhaps sharply".....being the dispositive term. The credit markets are moving towards easing, but only a little, and that's only part of the equation (its not going to lead us to 1,200 in the S&P alone). But since everybody talks about credit easing to somehow bring the market off the bottom/decline, it may be a main factor in where people select buy-in points these days.

 

[Spaf]

Nothing else for this week, see ya next!​

Spaf​

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