Can you smell the fear?
Yes, the AOX will get slammed.
Those that are saying that the sub-prime woes will have no, or little, effect on the market and economy need to get out of school and experience the real world for 20 or so years.
In the end the sub-prime woes may be just another blip like the "Asia Crisis", but given the fear that is permeating the market I am increasingly wondering just how far this will go. There are already signs of ripples throughout the market, ie talk of companies cancelling and/or delaying listings, credit being denied where two weeks ago it would have been rubberstamped, etc.
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