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Though calm was restored after a wild few days in global financial markets, key market signals remained steadfastly negative. One of the most crucial of those even dropped to a level we've only seen three other times in more than 35 years - all three some of the worst cases. Moreover, that one was corroborated by a record low for swaps also set this week. Eurodollar University's Money & Macro Analysis CNN Money Fed explains the big rate cut https://money.cnn.com/2007/10/09/news/economy/fed_minutes_analysis/index.htm?postversion=2007100914 The New York Times Dow Breaks 3,000 but Ends at 2,980.20 https://www.nytimes.com/1990/07/14/business/dow-breaks-3000-but-ends-at-2980.20.html The New York Times 10.08 RISE PUTS DOW AT 1,020.35 https://www.nytimes.com/1981/04/25/business/10.08-rise-puts-dow-at-1020.35.html https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU |