My guess is that Mon will be the blackest blackest day we have seen on the stock markets for a long long time.
The decision to downgrade AMBAC to AA will reach far into the pysche of the markets and investors.
I could be wrong but I think this is the dreaded psychological milestone that the markets will consider a fulcrum event.
Any thoughts??
Full Version: Mon Could Well Be A Black Black Day
QUOTE (vicmac64 @ Jan 18 2008, 11:14 PM) 
My guess is that Mon will be the blackest blackest day we have seen on the stock markets for a long long time.
The decision to downgrade AMBAC to AA will reach far into the pysche of the markets and investors.
I could be wrong but I think this is the dreaded psychological milestone that the markets will consider a fulcrum event.
Any thoughts??
The decision to downgrade AMBAC to AA will reach far into the pysche of the markets and investors.
I could be wrong but I think this is the dreaded psychological milestone that the markets will consider a fulcrum event.
Any thoughts??
Sadly, and I bet they knew this, Monday is Martin Luther King day in the US, and as such a holiday.
Actually, that might give some time for the panic to set in?
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