Surprise, surprise.....no package yet. Paulson & Bernanke will be running their roadshow today, who is the dog & who is the pony? I haven't mentioned the money market situation, but it deserves attention.
Breaking the buck hasn't happened often. LEH & AIG short term debt and commercial paper falling off the cliff was the culprit. The panic that ensued pushed T-Bill yields to essentially zero. Bernanke admitted that last Thursday was the closest we have been to a total meltdown.
Meredith Whitney cut estimates again for the money center banks.
Equity futures are modestly higher, gold is down a bit, oil is down a bit (remember, we rolled out of the Oct contract).
Wait and see mode.
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