20 Nov 2008

Where to begin

What a day:



  1. New lows in equities and now trying a bounce. Considering we reached the low from 2002 and a double bottom in Eurostoxx it might have a chance, but I doubt it

  2. Continued panic in fixed income space best expressed with the 10 year swap spread divergens in the US and Europe, see chart below

  3. US 2 year moving under 1%

  4. Bunds breaking 121 level

  5. Agency spread moving out again

  6. Exxon Mobil continues to support the market

  7. Prince Alwaleed buying Citigroup shares have no effect and Chuck Norris says "Pandit is out!"

  8. and much more


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