One Week LIBOR is perking up… hinting at the re-emergence of stress in the financial system. One Month LIBOR hasn’t yet moved, so this could just be nothing but noise…
However, with rumors of Chrysler filing for Chapter 11 flying around (which they denied) and news of Goldman Sachs (GS) putting Citigroup (C) on their
‘Conviction Short List’, I’d sell or short first and ask questions later.
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