Based on four measures of risk -- the CBOE volatility index (VIX), the price of gold relative to silver, the 3-month Eurodollar rate less the 3-month Treasury bill rate (TED spread), and Bloomberg’s U.S. Financial Conditions Index, which “combines yield spreads and indices from the money markets, equity markets, and bond markets into a normalized index” -- things are apparently back to where the were before Lehman Brothers went belly up back in September. (more)
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