William Gross (Pimco head) thinks the market cannot process the idea of no bill and

Kurt_and_Hunter

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Mon Sep-29-08 01:29 PM
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William Gross (Pimco head) thinks the market cannot process the idea of no bill and

Edited on Mon Sep-29-08 01:30 PM by Kurt_and_Hunter

is reacting to the assumption that congress cannot possibly be THAT irresponsible, and assumes congress will still pass the bill somehow real quick.

He's probably right... that the market is in a kind of rationalizing shock.

The question is whether anyone wants to hold positions over night. I would guess no, but the market is full of surprises.

The CBOE volitility index has cracked 45.

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Davis_X_Machina

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Mon Sep-29-08 01:45 PM
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1. TED spread over 4 tomorrow. n/t

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