is there any precedent to this........market breaking 13 years low and bonds and gold haven't budged?
Rumors of AIG posting a big loss and HSBC raising money have been around for 10 days or so and markets had adjusted over days.
It's like when Sue Herera said about a hedge fund... "Down 87%, but didn't crash.. at least it was orderly"... LOL
where is the money going out of equities gong? not bonds, not emerging markets, not commodities, not citigroup savings accounts, not into other currencies.......where is it going? to meet redemptions probably
This move to the downside should have happened months and months ago, market has been propped up for to damn long.
Yup. Makes the players have hope, "maybe it's not all that bad", or "it's all priced in"... Both wrong, I think.