XJO 0.48% 5,931.4 s&p/asx 200

bottom very close

  1. 14,882 Posts.
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    Well the Fed are issuing AAA paper tonight at 2.88%. There is a certain arb opportunity for participating companies which will see LIBOR come down from the mid 3's.
    My friends, this is as close to the "bottom" as we will see.
    The flood of money into the system will fill the vacuum caused by the massive de-leveraging and it will be the "start" of the recovery. It would be great to see one last sell off to end the savage bear market of 2008.
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