Friday, October 17, 2008

Happy Friday

Futures have recovered a lot since I woke up this morning but today is likely to be as much of a crap shoot as any other day this week.

On the positive side:

  1. Buy and hold folk will be emboldened by Warren Buffett's new stance on U.S. equities
  2. Libor came down again overnight

On the negative side:

  1. Today is a big options expiration day
  2. Who know how many struggling hedge funds still need to use any strength to raise cash to meet redemptions?


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