ETF's now have 35% of the equity market.
Emerging markets (chart) are getting crushed which is why the US may actually hold up, comparitively.
The FED continues it's at least 1 trillion shadow bailout, now of commercial paper to save companies like GE. Roubini agrees.
JP Morgan is accused of putting the hit on Lehman. Add Bear to that and a few billion in default swap bets and you have your book, fiction or non-fiction?
Did Dick Fuld get punched in the face?
Daily Irony: The fed funds rate is one hundred basis points HIGHER than it was in May 2004, if you can believe that.
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