Wednesday, December 9, 2009
Spain Outlook Downgraded
Spain's sovereign rating has been affirmed but the outlook has been downgraded to negative by S&P. The futures have dropped 4 points on the move. Fear is in the air, Spain and Greece are not Dubai. If these governments default, we will be seeing 100 point down moves, not 20.
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1 comment:
I think today is the bottom, that would be the conventional bet, and get almost 20 points of upside.
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