wtf was that?

[Bob111]

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

Thank you!

 

[ET99]

it's called profit.

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

 

[spd]

Spain downgrade Bob

 

[Bob111]

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

 

[wilburbear]

Quote from Bob111:

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.

 

[ZeroSigma]

Quote from wilburbear:angry about the timing [of the mid-session semi-holiday downgrade release by Fitch]

..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

 

[Red_Ink_inc]

Quote from ZeroSigma:

..and how about it being yesterday's news?

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