Wednesday, September 17, 2008
Global Bank Coordination
Today we had a massive global coordination. Is this what I was looking for? Maybe. So far the bounce is pretty weak but it is gaining steam. The TED spread is actually up which flashes warning signals to me. The yen isn't weakening as much as one would think. My gut tells me that this isn't it. That it will involve liquidity injections and rate cuts and more shorting rules. Who knows though. The bottom may be in.