Wednesday, October 1, 2008

Day Ahead

Asian stocks closed a bit higher, Euro stocks are flat, US futures are down. The LIBOR dropped to something freaking high instead of completely ridiculous, dropping 300+ basis points to 3.79% That is a good sign...but it was at 2.60% or so last week. TED spreads went up a bit too...not a good sign.

A new month, a new fiscal quarter, the Senate vote on UberBailout Mark II tonight and the House tomorrow...along with the VP debate in about 36 hours or so.

Things move fast these days.

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