SPDR S&P 500 (SPY): It's the 3 month T-Bill, it shows how ba...

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Re: rainbow12345 post# 60163

Saturday, 09/20/2008 6:07:46 PM

Saturday, September 20, 2008 6:07:46 PM

It's the 3 month T-Bill, it shows how bad things got this week. Treasuries were under such high demand, that people were practically willing to pay to have their money there because it was the only "safe place" to park short term money. This is why we almost had a run on money markets, there was so much panic, people thought the sky was falling and it almost did!

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