DJIA 9387.61 +936.42 (11.08%)
You thought DJIA is good indicator of credit crisis? CR begs to differ: Credit Crisis: Watching for Signs of Progress. BTW, that TED spread still too high: 4.5+.
I would have put that article on my best reading for today if only Krugman wasn't chosen today as a Nobel Laureate. Congratulation!
Free money! NY Times: U.S. Investing $250 Billion in Banks. According to this graph: BOA 25B, Citigroup 25B, JPMorgan Chase 25B, Wells Fargo 25B, Goldman Sachs 10B, Morgan Stanley 10B, Bank of New York 2-3B, State Street 2-3B. Should I be happy about this?
Monday, October 13, 2008
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