Thursday, August 16, 2007
Here we go, here we go, here we go, here we go…here we go
"What we are witnessing is a rapid unwinding of risk on a global scale," said Martin Slaney, head of spread betting at GFT Global Markets. "Even traditional safe havens such as gold are deemed too risky in this climate," he added. "In these extremely nervous market conditions, economic fundamentals have gone out of the window, and panic selling has set in."