Overseas markets getting wacked

Discussion in 'Trading' started by wabrew, Aug 9, 2007.

  1. petteri


    This is bad news, which came after US market close. Overseas markets react to it.

    Aug. 10 (Bloomberg) -- Countrywide Financial Corp., the biggest U.S. mortgage lender, said it faces ``unprecedented disruptions'' that may crimp profit, suggesting a credit crunch that started with the U.S. subprime market will spread.


    Investors fear that US sub-prime and Alt-A crisis will emerge to worldwide "bond crisis".
    #11     Aug 10, 2007