Intraday Market Thoughts

Archived IMT (2008.10.17)

by Ashraf Laidi
Oct 17, 2008 19:09

Market news Intl talks of reports about banks being told to kick

up lending pushing down rates to 3.95%, while central banks continue to intervene in interbank market via their agent commercial banks. The news wire service also talks of the Fed urging banks participating in TARP to start lending out instead of using it for cushion. NY Times also had an encouraging article by Warren Buffett calling for getting greedy in times of fear and being fearful in times of greed, which is said to be helping risk appetite at the expense of the low yielders.


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