I won’t have time to write the midsession comments today; I’ve got too much going on.I would note that it looks like many commodities are hanging in well in the face of another dive in the stock market.Bullish divergence, perhaps?Treasuries are surging after the BOE discussed buying gilts in a quantitative easing move.
Meanwhile, although stocks look bad, ther has been some glimmers of hope:
Better Days Ahead for China? (if you want to believe their official forecasts)
The NY Fed’s Model Indicates the Recession Will End in 2009 (The yield curve as a forecaster)
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