Pre-cash update for trading session Tuesday 30NOV2010

China (and Asia generally) down today … again.
Europe, dreadful bond markets … PIGS related, of course.

But, the US holding up well … check out the TED spread, its not doing much

.
Now, the TED spread is not the only measure of financial/liquidity stress, but its a very good one.

Guess we can put off the imminent fallage* of the sky.

*I know ‘fallage’ isn’t a word. Yet.

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