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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: ldo79 who wrote (65672)9/5/2003 11:01:53 AM
From: Real Man  Respond to of 94695
 
Well.... They sure are fighting it. The credit market was very close to collapse on August, 1 - 10-year swap spread widened to 80 - levels exceeding post-LTCM. Now it is at 50, which is not good, but much better.
And look at bonds - they just got stuck il late July - the decline was stopped in its tracks. I thought they might have dropped stocks to help the credit market, but they didn't. Oh, well. Maybe they could not? Or were scared of all these puts outstanding.