Loading ...There was nothing to worry about with Lehman or Bear Stearns either, I remember Cramers infamous response to a caller on his show when Bear was around $60 a day before it really started crashing – “nothing to worry about” – famous last words.
Although this may be the third day it’s oversubscribed, it’s the 4th day they’ve done the Repo. Something/someone has broken, maybe they’ve printed enough to fix it already, but we’ll be the last to know if they haven’t.
I’ll give the pundits this, the markets don’t seem to be worried and your march to 35K could be in play.
Quad witching day.