Morning Everyone,
I did not the whole night. Hoping to see whether the US could have a green night because of Paulson's new plan to inject fund directly into the banking system.
Blame it on Standard and Poor putting GE on negative credit watch - that was reason wny the market sold furiously during the last hour. This rating agency has rock in its head. Why do you destablised the market at this time? I am sure the media will have a field regarding the rating remarks.
Also some redemptions by Mutual Funds during the half hour before closing.
I hate it when the US sell off and we get hit for no apparent reason. London Metal Exchange - metals were positive. Hope our market knows the reason why and not concentrate just on the absolute number.
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