[RT] BKX has topped out.../credit spreads

[Ben <profitok@xxxxxxxxxxxxx>]

that is a good wish

hope you are right

Bill Gross today on cnbc said:

when i want to enter into a transaction  , I  JUSTcan NOT!!!!

bank does not  trust me, i do not trust bank, or insurance Co, or  a fund,

we need a fed agency to  guarantee  delivery of   funds to seller,, and product bought to be as described and deliver to buyer,,,!!!

the libor/ TB    spread only decrease today  .020

until it comes back to normality, this crises are NOT over

and FAR   from over

God bless all,

nice week end

Ben

----- Original Message -----

From: rotrot

To: undisclosed recipients:

Sent: Friday, October 03, 2008 6:00 PM

Subject: [TimeandCycles] BKX has topped out...

...NDX 200 Monthly Moving Average (MMA) is at 1363.5...that may be where we are headed before a bounce...time will tell.  Regards, rotrot

 

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