Credit Crisis Watch: Are the Markets Thawing? [View article]
It is still too soon for normalcy to return to these markets. I saw a good piece by Tony Crescenzi that looked at the credit market distortions immediately after the 1987 panic. It showed that it took several months for the markets to settle down and return to normal. His point was that as the emotions of fear and panic subsided so did the credit markets. It doesn't happen quickly but it does happen. It is likely we will experience something similar in this panic.
Credit Crisis Watch: Are the Markets Thawing? [View article]