ES -- DX/CL -- isee -- cboe put/call -- specialist/public short ratio -- trinq -- trin -- aaii bull ratio -- abx -- cmbx -- cdx -- vxo p&f -- SPX volatility curve -- VIX:VXO skew -- commodity screen -- cot -- conference board

Monday, July 14, 2008

 

indymac fails


following intense rumors and its move for help, indymac failed on friday and reopened today under the management of the FDIC. it is now the biggest american bank failure since continental illinois in 1984.

much web comment. calculated risk on coming bank failures and the moral hazard of FDIC deposit insurance. note that the new york times is reporting analyst opinion that as many as 150 banks could fail in the next year.

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