Justa's Dive Bar

[chainik]

TED does not look that bad, might be just a noise.

I think that the acute phase of the crisis is over, and that we won't see November-like panic in the near future. Just a chronic manic depression with a rally or two to SPX 1000+ and a trip to November lows.

Insiders, OEX, total PC, AMG flows all suck - hard to be too optimistic.

Interesting moves in gold and in bonds.

Geithner decides to be tough with our creditors. I hope he knows what he is doing.
http://www.nytimes.com/2009/01/23/business/worldbusiness/23treasury.html?_r=1&ref=business