Stock are rising, money market is telling you otherise

It is not the first time the interest rate, or money market, tells a different story that is opposite the stock movement. Generally I trust the money markets and bond markets more than stock market. Stock market has more retail investors and they also tend to overreact a lot.

Libor Creep Says Credit Markets Risk Freezing on Distrust of Policymaking

While Citi say they have the best quarter since 2007, there are just so many tricks to "manage" your quarterly profit and Citi's previous quarters are not "great"anyways.

I have no clear view these few days, short term things are mixed. Medium term is still ....hopeless.