Tag Archives: credit suisse

Stacy Summary:  Wow, it’s been awhile since we had a banker on the run story.  I remember there were quite a few while we were making The Oracle.   And, speaking of bankers . . . Tony Blair is in the news.  Oh god, I thought we were rid of him?  Finally, I love that the FTSE rises 3 percent and yet the VIX rose even more . . . is it time?  I mean, Tony Blair is, after all, an important contrarian indicator.

• Fugitive Credit Suisse banker found in Spain

• Wells Fargo sells $600 million in toxic assets for 35 cents on the dollar

• Downing Street backs JP Morgan ‘executive,’ Tony Blair, for EU presidency

• FTSE jumps 3 pc on hopes of recovery

• VIX advances 3.5 pc as fear grows (h/t Phil)
  

“That is remarkable,” Randy Frederick, head of trading and derivatives at Charles Schwab in Austin, Texas, said of the tandem move by the S&P 500 and VIX today. “The VIX is expecting something here, either a pull back this afternoon or tomorrow.”