From the FT:
http://www.ft.com/cms/s/0/604d71dc-c853-11dc-94a6-0000779fd2ac.html
“In the past few weeks, the froth had been knocked off the markets but we haven’t seen real pain – until today,” said Ian Harnett, managing director of Absolute Strategy Research. “It now has the feel of some forced liquidation and forced capitulation.”
He said the latest wave of selling was similar to previous periods of financial turmoil in 1989-1990 and the early part of the decade – when the dotcom bubble burst– when investors in non-financial sectors started to capitulate along with previously hard-hit financials.
Ms Hudson said: “Ambac’s downgrade and fears of more to come is symptomatic of something bigger. The whole financial structure of the real economy is under threat.”
Michael Cox, of the Royal Bank of Scotland, said: “We now believe that there are no public markets open to the monolines in their quest to raise capital....The only potential solution we can see that would enable triple-A ratings to be retained now is a co-ordinated bail-out by interested parties – banks and/or politicians.”
- Forums
- ASX - By Stock
- XJO
- lets cut the crap aside here tonight
lets cut the crap aside here tonight, page-56
-
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,997.7 |
Change
17.300(0.22%) |
Mkt cap ! n/a |
Open | High | Low |
7,980.4 | 8,025.2 | 7,980.4 |
Featured News
XJO (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online