by Calculated Risk on 6/01/2010 04:33:00 PM

The euro is down to 1.2238 dollars. It has been at about this level for two weeks now ...

The TED spread increased to 39.12 (a measure of credit stress). This is still fairly low, but has been increasing steadily. Note: This is the difference between the interbank rate for three month loans and the three month Treasury. The peak was 463 on Oct 10th and a normal spread is below 50 bps.

Click on graph for larger image in new window.

This is a slightly different graph from Doug Short of dshort.com (financial planner).

This graph shows the ups and downs of the market since the high in 2007. The S&P 500 is now off 12.27% from the recent high.