Euro Stress Test

[SCI new york]

Why is it that for the last month theres been nothing but negative news and any excuse to short/sell and you hear it all over the place, but moody's conducts a stress test of the european banks and says they can absorb the risk of the 'debt crisis' of greece, spain, portugal, ireland, and they're not making a big deal out of that which has supposedly been the reason for this drop?

 

[nazzdack]

Quote from SCI new york:
----Why is it that......
----moody's conducts a stress test.....

Moody's isn't a "ratings" agency. It's a "cheerleader". They don't want to jeopardize their fee income. :eek:

 

[Daal]

Here are the results of the stress test well ahead of the announcement: The EU banking system is well capitalized