Fear remains high. Treasuries and VIX not buying the rally.
Posted By Mike On Sep 18, 2008 @ 9:21 am In bear markets, bonds, crash, deflation, depression, technicals | No Comments
90-day T-bills are 0.11%. That is up from a low of 0.04% yesterday, down from near 1.5% last week.
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Click for sharper view. Source: Bloomberg.
The VIX (options volatility index, a reliable fear gauge) remains elevated:
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Click for sharper view. Source: Yahoo! Finance.
These are still crash conditions. That is not a prediction, but crashes do arise from oversold markets like this with weak internals. If there is one tried and true method of inducing a stock market plunge, it is a credit seizure. The central banks are just huffing and puffing. Their $250 billion does not address the core problem of system-wide insolvency. Liquidity is a red herring. Nor do short selling rules matter. Keep on guard.
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Article printed from The Sovereign Speculator: http://sovereignspeculator.com
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