wtf was that?

IWM drop 1% in less than 5 min. any news?

Thank you!

 

it's called profit.

others might call it something else. (eg. #%@&!)

 

Spain downgrade Bob

 

Thank you!
nice timing..low volume, middle of the day..perfect for those "flashers" to screw you on spreads

 

Everybody on CNBC and Fox Business angry about the timing. Everybody caught long!

Wrong psychology for the long weekend.

 

..and how about it being yesterday's news? I mean I'm so impressed by the independence and lack of herding behavior among the rating agencies! Their sage advice (and its timeliness) is worth every penny:

"Jan. 19 (Bloomberg) -- Spain had its AAA sovereign credit rating removed by Standard & Poor’s in the second downgrade of a euro-region government in five days, as the country’s first recession in 15 years swelled the budget deficit.

The risk of losses on Spanish government debt rose to a record today, credit-default swaps showed, after S&P lowered the rating one step to AA+ and assigned it a “stable” outlook. " [source: http://www.bloomberg.com/apps/news?pid=20601068&refer=home&sid=aCL_6e5SsFVI ]

And no, it wasn't this year either

 

Today's downgrade was from Fitch not S&P.