Bailout schmailout. This is it. We’re toast.
Posted By Mike On Oct 3, 2008 @ 12:26 pm In bailout, crash, technicals | 4 Comments
The credit system is not operating at all. LIBOR has a bid, but no offer. The TED spread is at a new record, over 3.82. Congress and Paulson are powerless to do anything about this. Equities, always slow to catch on, are still not reflecting the severity of the situation.
Here’s the TED spread from Bloomberg:
[1] 
Here are 90-day Treasuries from Yahoo! Finance:
[2] 
Here’s a six-month view of the the Dow (Bigcharts.com). Not much of a move so far, given that this is a once-in-three-generations event:
[3] 
The VIX is high, but not showing once-in-three-generations fear (Yahoo! Finance):
[4] 
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All stocks have is hope. Hope is not enough.
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Article printed from The Sovereign Speculator: http://sovereignspeculator.com
URL to article: http://sovereignspeculator.com/2008/10/03/bailout-schmailout-were-toast/
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