wow

What a hands-on experience we get! DAX 5300, DJIA 9900, BRD under 10 ron and even SIF5 preparing itself to go under 1 ron.

What I noticed today, it is a total credit crunch. The corporate bonds (like E.ON or Daimler) and romanian bonds maturing in 2 years went over 6,5% yield. There is a desperate need to get liquidity in the markets. I think all the central banks must immediatly cut rates and pump funds in the money markets. Please notice, my comment has nothing to do with stocks, I speak about money markets. The bond yields jumped far too much today. It is not anymore about failed speculations, it is the whole global economy getting damaged.