The risk aversion trade may be on pause for now. The credit crisis is shouwing signs of thawing, at least somewhat. LIBOR, TED Spread, CP and VIX are all showing signs of improvement. The impending hedge funds Dec 31 redemption issue is still out there and a big question mark.. The FX market is showing signs of a correction. Make no mistake, any moves in equities,bonds and FX will only be corrective in nature.