Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
Monday, October 13, 2014
LIBOR3 London Interbank 3-Month Offered Rate Weekly Chart
The traumatic market events and stock market selloffs are shown in the red boxes as Libor spikes higher; the October 2007 multi-year top, the late 2008 waterfall crash, the 2010 selloff that was saved by more Fed QE, the August 2011 waterfall crash, and now. The green channel shows the Libor trailing lower for the last couple years in concert with the stock market moving higher. The indicators are positively diverged (red lines), so a bounce in Libor in the red box in the right margin would verify big trouble and ongoing carnage in the stock market. For now, the Libor is staggering sideways as well as the stock market so an eerie calm is in place. Will the Libor spike higher? If so it would confirm a cyclical bear market in stocks moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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