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EPS100Momentum (71.72)

VIP just reached my short-term target I put out,

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November 04, 2008 – Comments (1) | RELATED TICKERS: VIP , ABR

time to take profits in VIP. I am placing a personal short-term target on ABR of $6,

 

1 Comments – Post Your Own

#1) On November 04, 2008 at 3:46 PM, EPS100Momentum (71.72) wrote:

For some that don't know, the fall in the dollar Libor rate greatly affects ABR to the positive. ABR fell off a Cliff due to the Libor rate soaring Sept-Oct. Now that the Libor is back to June levels makes ABR very attractive at these prices.

 

Dollar Libor down well below 3% at 2.71% today

November 04, 2008 – Comments (0) | ADD RELATED TICKERS

   
Three-Month Dollar Libor Falls to Lowest Since June 9, BBA Says

By Justin Carrigan

Nov. 4 (Bloomberg) -- The London interbank offered rate, or Libor, that banks charge each other for three-month loans in dollars dropped to the lowest level in almost five months.

The rate declined 15 basis points to 2.71 percent, the lowest level since June 9, according to British Bankers' Association data. It was its 17th consecutive decline.

The overnight rate slid 1 basis point to 0.38 percent, a record low for a fourth day and 62 basis points below the Federal Reserve's target rate, BBA data showed today.

The Libor-OIS spread, a gauge of cash scarcity among banks, narrowed 12 basis points to 211 basis points.

To contact the reporter on this story: Justin Carrigan in London at jcarrigan@bloomberg.net
Last Updated: November 4, 2008 06:47 EST Report this comment

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