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The extent of this crash is exacerbating fundamental problems. And liquidity problems...in big ways.I don't see us getting away w/out a re-test of the a.m. lows. So far every V has turned into a W...and then failed. TED Spread is over 4.5%.Hope I'm wrong...hope the FEd's and Treasury's actions start to re-liquefy...soon.
I think the market will crash today. Let's hope that I'm wrong.
The extent of this crash is exacerbating fundamental problems. And liquidity problems...in big ways.
ReplyDeleteI don't see us getting away w/out a re-test of the a.m. lows. So far every V has turned into a W...and then failed.
TED Spread is over 4.5%.
Hope I'm wrong...hope the FEd's and Treasury's actions start to re-liquefy...soon.
I think the market will crash today. Let's hope that I'm wrong.
ReplyDelete