Getting better or worse than ever?

In early stock market trading, the various moves by U.S. and European governments to prop up the banking system seem to be helping, but, I just looked at the Ted Spread (the single best measure of how frozen the credit markets are), and it stands at its worst mark ever -- 4.57. I hope that's not a sign of where the rest of the markets will go later today. Most of last week it was under 3.5, and it ordinarily stands at around 0.5.