Bank Default Risk Decreases from Apocalyptic to Merely Catastrophic

New chart out from the good folks at Bespoke showing that post-bailout credit default swaps on the banks and brokers have declined to merely catastrophic levels, down from apocalyptic earlier in the week.

Comments

[DaveW:]

wow, SA is letting anything get published today.

2008 Oct 03 04:04 PM

[Smarty_Pants:]

I grad-e-ated from publik skool.

I be leave it's cusstumairy to shaid areas on the graff and indikate "catastrophic" and "apocalyptic" reeguns.

2008 Oct 03 04:43 PM

[Mbuna:]

Lol, well said

2008 Oct 03 05:28 PM

[longtermstocks:]

A one sentence article?

2008 Oct 03 06:26 PM

[another.ana...:]

One sentence is all numbnuts can get out in a day.

2008 Oct 03 07:17 PM

[Stone Fox C...:]

Its a start at least. Just maybe it'll work lower now. We've gone through a month of huge bank failures and trying times. Will be interesting to see how the market responds to a weekend of calm. The lack of news is exactly what the market needs now.

2008 Oct 04 12:08 AM

[ccerenz2:]

The chart speaks for itself...The writer is letting us make our own decision. Not a bad idea or would you like to be told what to think?
Thanks Paul

2008 Oct 04 12:43 PM

[specks:]

It reminds me of a story Jim Rohn tells of putting his finger through the candle flame quickly and telling the classroom, "See it didn't burn my finger." And they all laughed heartedly and said, "NO.... you have to leave your finger in there just a little longer!"
And so it is here... let's just wait a little longer and SEE!!

2008 Oct 04 02:56 PM