Denninger posted this yesterday:
http://market-ticker.org/archives/801-RED-ALERT-FX-Dislocation-In-Process.html
Dow 135 down out of the gate...
Naw, I saw that, that was a non-event. This is more of the same counterparty risk fear. It’s reaching a crescendo in the financial world.
That is old news from Monday
This is today. Karl is pixxed....
http://market-ticker.org/archives/812-CAUTION-October-87-Re-Run-On-Deck.html
Guys, be wary of “holidays” being declared for the banks and maybe for the exchanges
Whoever engineered this crisis knew LAST SPRING, a year ago, that Feb 2009 was crash month (ref Freep thread on March 2008 secret meeting in DC)
Let us only hope that while over in Europe Nancy Pelosi’s government credit card is declined and that she cannot afford to gas up her private jet to return home