The TradingEdge

[bigelam]

Will we get through all this?

That's the scary part. Everyone thinks we will not default and that downgrade is priced in. No one knows the downstream effects of these two.

It was supposed to be contained post LEH too for a few days post AIG etc until the money market funds seized etc.

The way markets are trading, it seems we will drip down slowly and then print a big down day losing all support. Just don't take it for granted that a default or downgrade is not going to happen.