How can they blame Obama? We all know it's Hillary's fault. At least until the primaries are over, then it will be McCain's fault. And to think, before the primaries, it was Bush's fault.
The last time interest rates were this low was when we were recovering from the Great Depression. Back in March 1942, the T-Bill rate was 0.25%. If you go back a bit farther, the rate hit 0.01% in January 1940.
Looks to me like volume yesterday was above average, though below Monday's figure:
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=5&g=0&i=t84273349260&r=5680
And the people with the knowledge. And the technology. I believe the WSJ even wrote about it yesterday. Bear was #1 in prime brokerage before this collapse. They probably dropped to #3 though because 2 and 3 were not far behind. JPM would love to get into that business in a big way.
Here's an article about it:
http://www.marketwatch.com/news/story/fed-rate-cut-percentage-point/story.aspx?guid=%7B47CD3B6D%2DCEFD%2D4AEB%2D9107%2DE3BA3A85C884%7D
For current numbers, go here: http://www.cbot.com/cbot/pub/page/0,3181,1563,00.html
My point exactly. If the financial system collapses, what guarantee is there that you'll have access to your safety deposit box?
Which means you'll have to store your gold in your house. Under your mattress. In a safe (hidden I hope). Under the floorboard. In a hole in the ground with a...
The curve sure has steepened. Less than year ago, the 10-year and 90-day rates were the same. Now, the 90-day is at 1.37% while the 10-year is at 3.63%.
This week alone, the 90-day is down 43 basis points while the 10-year is up 10bp.
If I knew nothing else about the coin, I'd bet on heads. Maybe the coins has two heads and no tails. Maybe it is weighted somehow and more likely to land on heads than tails.
In worst case, I bet on heads and the odds are 50-50, so I break even in the long run.
On top of Firefox, I would use Adblock Plus and NoScript. Yes, they are a pain in a** at times, but I prefer being safe, especially if you browse the web on your trading computer.