It's Official, The Financial System Is Stressed Out Again

The Business Insider ^ | 6-9-2010 | Joe Weisenthal

[blam]

It's Official, The Financial System Is Stressed Out Again

Joe Weisenthal
Jun. 9, 2010, 1:14 PM

In his morning note, David Rosenberg passes on the latest look at the St. Louis Fed's financial stress index, which combines stuff like stock prices, and LIBOR, and other indicators to get a measure of stress on the financial system.

A long-term horizon makes it pretty easy to see what's going on.

As the Pragmatic Capitalist been pointing out, this is what makes the current market selloff all the more troubling, and clearly different from past dips since the March 2009 rally.

[snip]

[norraad]

"Ooh, poor baby, don't worry, you'll never have to grow up, mommy's here with another bailout!"

[The Comedian]

That chart is racist.

And homophobic.

"Financial stress" is a codeword for "Gays in the military and a black president", like it's a bad thing.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[blam]

I’ve begun work on a new code book...