Oh come on, where's my doom and gloomers at?
Okay, let me get some boredom sorted..
From http://www.bloomberg.com/apps/news?p...D3Q&refer=home
I won't even mention the rising unemployment claims. What's a bit odd is that despite higher DJI futures and real market, the JPY crosses have been slaughtered, CJ and EJ especially. Fine by me 
If we've gone over to the "melt them down regardless" phase, I'm all for it.
Speaking of phases - it appears we've entered the "USD rally while carry unwinds" phase(UJ mostly standing still), but without the stock market panic oddly enough. GJ down 200(EJ 230), S&P up 14 points / DJI up 110 from open. Huh. Mkay.
Okay, let me get some boredom sorted..
From http://www.bloomberg.com/apps/news?p...D3Q&refer=home
QuoteDislikedThe Federal Reserve bypassed its own emergency-lending policies to let securities firms borrow at the same interest rate as commercial banks[..]
[..]
Backstopping securities firms, coupled with last week's action to keep Bear Stearns Cos. afloat before its sale to JPMorgan Chase & Co., represent the central bank's first lifelines to institutions other than banks since the Great Depression.
If we've gone over to the "melt them down regardless" phase, I'm all for it.
Speaking of phases - it appears we've entered the "USD rally while carry unwinds" phase(UJ mostly standing still), but without the stock market panic oddly enough. GJ down 200(EJ 230), S&P up 14 points / DJI up 110 from open. Huh. Mkay.
Trust price. Know yourself.