One Week LIBOR is perking up… hinting at the re-emergence of stress in the financial system. One Month LIBOR hasn’t yet moved, so this could just be nothing but noise…
However, with rumors of Chrysler filing for Chapter 11 flying around (which they denied) and news of Goldman Sachs (GS) putting Citigroup (C) on their ‘Conviction Sell List’, I’d sell or short first and ask questions later.
U.S. Stock Futures Drop; Research In Motion, Citigroup Retreat: “Citigroup dropped 85 cents to $18 after Goldman added the shares to its “conviction sell” list.”
Related Posts:
LIBOR Liars: UBS, HSBC, Royal Bank of Scotland
ZEW Hits Record Lows, LIBOR Woes Hurting Eurodollar
Libor Poised For Shake-Up, Credibility GONE
RISE Dark Lord Libor! RISE!
The Race To The Bottom Accelerates
The South Sea Bubble and Today’s Central Banks: FRB, BOE, ECB
The TED Spread, LIBOR and EURIBOR = Scary Bad
Thursday, June 26, 2008
LIBOR Perks Up Again...
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3 comments:
One week LIBOR is probably rising due to the close of the quarter on the 30th. Not much to see here.
Alessandro,
Looks that way... for now.
Marie GamblesRoosevelt CrappHong BeckettTilda LundeSelena BiardMichael GuliniAdria KreitlowGeorgene TietDorian Elm
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