What a day:
- 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
- Continued panic in fixed income space best expressed with the 10 year swap spread divergens in the US and Europe, see chart below
- US 2 year moving under 1%
- Bunds breaking 121 level
- Agency spread moving out again
- Exxon Mobil continues to support the market
- Prince Alwaleed buying Citigroup shares have no effect and Chuck Norris says "Pandit is out!"
- and much more

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