Quote:
Originally Posted by Axeman
Bush's prop plan was a big reason for such a drop in the world markets as it fell much below expectations. If he offered a stronger package that looked at short term and long term goals then the unrest would have been much less severe.
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actualy his prop plan would be good in short run only for pump monkeys in television to prop stock prices. thats how stock markets work.
but as I stated the main reason for such declines is
Quote:
Originally Posted by teomaxxx
ABK was downgraded to AA just before close on friday by FITCH.
You better read this article to understand what whole game is about.
http://www.washingtonpost.com/wp-dyn...011803592.html
"Everyone thinks they're looking at the cliff over Armageddon," said Ed Rombach, senior derivatives analyst at Thomson Financial. "If you think the write-downs have been bad so far, the next write-downs could be twice as big." |
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