FT reporting that the S&P has warned Germany, France, and 3 other AAA rated countries they are in review for a potential downgrade. FT further reports the credit watch warnings will come later today. Market pares 60% of its gains on the news….
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I called it yesterday… this will be the week….
WTI now in the negative, despite Iran Israel crisis
Inquiring minds want to know…what will it take for you to be “right?”
Will you be right if we are red on the week? Or if this is the start of a crater into bear market territory? Or if we are down 357 Dow points?
If we all make a prediction, one of us is bound to be very very right.
Good luck with yours.
to be honest, I just hope I wont lose money on my WTI shorts… (which I probably will unless I am right)
The market is making a pretty big bet that Europe will eventually do the right thing.
True story…who cares? The immediate tale is one of a printing press, and investment vehicles subject to “quality” regulations only need Moody’s or Fitch to contradict S&P in order to hold their current allocations.
S&P can fuck themselves.
But the ECB doesn’t have an unlimited ability to print.
True story, but that doesn’t seem to have stopped Draghi lately. Those purchases are definitely not “sterilized.”
it’s a case of getting out bad news while the market is euphoric on hopium
Maybe this is just the sign investors need to start pouring into the sovereign debt of these countries.
Worked well for the US.
They should upgrade everything to AAAAAAA+++++
And then downgrade it to F+ just to see what happens. Then later they can say it was
” just an AAAAAApril fools joke.”
Sorry, sometimes I say really stupid things for no reason at all