That reminds me
I was reading this story on Fox Business news tonight when I was reminded of something. Remember a couple of weeks ago when the market make a crazy reversal in the last hour of trading? The pundits claimed it was because of a report on CNBC that AMBAC would announce a bailout plan to save it’s AAA rating.
If that’s the case, why hasn’t the market dropped back to the lows it was at prior to the report? After all, if a report can cause a huge gain in the market, shouldn’t the market go back down when that report proves to be false?
gk
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