Lets Check Indicators Today

• The yield on 3 month treasuries fell to 0.37% from 0.44%.

It was 0.44 yesterday and slightly getting worse. Usually the 3 month trades below the target Fed Funds rate by around 25 bps, so this is too low with the Fed funds rate at 1.0%. It should increase closer to the target rate. Still low.

• Libor declined again today.Three-month U.S. dollar slid 0.13 points to 2.38 percent from 2.51.

This is so good. I was waiting Libor comes below 3. Signs are slightly better. Waiting for 2 anymore.

• The TED spread 2.01, down from 2.07.

Also nice change today again. Its still too high but better than the peak of 4.63. TED spread should move back down to 2. Close again.

• USD-JPY currencies up to 97.7750.

It fell from 98.4600. Seems not well today. Markets falled and Japan Yen getting strengthen.

• Nonfinancial A2/P2 spread is down to 3.82 from 4.18.

Slightly better. But it should decline more and more.

• VIX up to 63.68.

Bad. It was 55.07 yesterday but the record was 80.6 this year. Dow slumped again today and volatility getting rise. Dangerous.

Markets on fair and real economy is weakness.So indicators are complicated.Need to be careful more than anytime.