Once a month or so I write a Market Observation column for Financial Sense, in which I lay out a few thoughts on markets and the economy. Here's an excerpt from today's edition:
One canary-in-the-coal-mine indicator is beginning to signal more widespread difficulties ahead. The spread between the 3-month London Interbank Offered Rate (LIBOR) and the Overnight Indexed Swap (OIS) rate, a barometer of distress in money markets, just hit its highest level since September 2009. While the measure has some way to go before it reaches the kinds of extremes we saw during the Lehman Brothers bankruptcy crisis one year earlier, it's a development that shouldn't be ignored.
Click here to read the rest.
market is being manipulated but. One guy who has a real handle is the guy from http://www.forecastfortomorrow.com he knows his stuff and has been right on alot of stuff over the years, including the market crash back in 2008, and the recent drop.
is the market crashing again but....whoa. nearly a thousand point drop.
Posted by: Emma | May 07, 2010 at 02:34 AM