Anyone else care that the Sensex is at 10.5 and (more importantly; we’re at the lagging end, remember?) the Dow went below 9K? (8.4 right now-drop of 2K in the last five days). Meanwhile, money markets are still frozen, and Alex Tabarrok at MR reports that people are buying home vaults. Not good.
On a separate note, one good thing is that there haven’t been any reports of people on Wall Street jumping out of windows. That’s because the windows in modern office buildings don’t open.
Arbit commenter on somebody’s blog:
Seriously, though, there is plenty of liquidity available. It’s just that the horses are hydrophobic.