Friday, Oct 17, 2008
Is Confidence Slowly Returning?
Market Beat: More Baby Steps for Libor
"Three-month US dollar Libor dropped to 4.41875% from Thursday’s fixing of 4.5025%, while the one-month rate fell to 4.18125% from 4.2775%. The three-month rate now stands at its lowest since October 8, when central banks orchestrated emergency coordinated interest rate cuts. The overnight rate tumbled to 1.66875% from Thursday’s 1.9375%, edging closer to the Federal Reserve’s Fed funds target rate of 1.5%."
Posted by renting2 @ 08:22 PM (381 views) Add Comment
4 Comments
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1. denzil said...
I think the US is considerably closer to the bottom of the market than we are and may in fact be quite close. I'd be prepared to follow Buffet's lead but unfortunately I don't have enough to buy entire companies to add them to my portfolio.
2. theboltonfury said...
denzil, we could go halves if you like?
3. renting2 said...
Further drops projected:
http://online.wsj.com/article/SB122425162969544481.html
Is this temporary? What does a dead cat do here?
4. str 2007 said...
Well I'll be astonished if that was the bottom.
Don't tell me the recessions over already.
So, that's it then, no more bad news here - move along please.
And there was me just beginning to get remotely interested in thinking about how I might think about buying some long term positions in about 6 months or so.
I'll have to wait for the next recession now, looks like I missed the bottom of that one.