Its happening again, like GFC, Hedge funds use to spread a rumor...

Its happening again, like GFC, Hedge funds use to spread a rumor and target the companies and make profits.
Now they are targeting French banks.
All the credit rating agencies assured French's credit rating is good i.e, AAA.
For us yesterday's china report shows China's import increased
So our export to china is not going down. Rio's report confirmed that.
Commonwealth Bank comes out with very nice profit. Our banks are doing fine, even in such a global turmoil.
Even companies in US are doing well.
World is not going in recession.

This negative rally came out of credit rating of US is far more overdone.