Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Wednesday, September 17, 2008

overnight libor

What has the credit markets locked up

is that libor was
2.14 on friday
3.10 on monday on leh failure.
Then doubled to 6.4% on AIG fear
then moderated back to 5% yesterday at noon.

somehow, it gets published earlier than I get it.

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cnbc