Look for what caused this over reaction.UGL being hammered like...

Look for what caused this over reaction.UGL being hammered like this is bullshit.?

If you know this company,then you would not be panicked,instead hunt what caused it,I'll give some simple scenarios below.

If I was a big investing crowd and my turnover was getting belted--eg QBE re the property ripoff insurance usa,or the big banks in england tapping the Libor,HSBC,and a couple of others---- Iassume you get my drift.

SO the recourse for regulators,and government watchdogs and any economy that is doing fine in general,is that these big institutions throw a financial grenade in the pond,to deflect the media coverage or scare the living be Jee's out of people relying on the returns from the banks interest for personel income.

Or it could be a political ploy.

The point I am trying to make is all the comments about over reaction are correct as far as I am concerned.