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I wonder what would have happened if S&P dropped the rating during the trading day, and not after the markets closed. We probably would have seen another -500 p
by cantbecool 15y ago
I wonder what would have happened if S&P dropped the rating during the trading day, and not after the markets closed. We probably would have seen another -500 point drop on the DJI.
- fanboy123 15y agoThey wait until late friday to make big changes to give the officaldom/industry a weekend to scramble/grab parachutes. They actually didnt release today until after the SPY stopped trading.
- cantbecool 15y agoI wonder if they, the parachutes, will be golden this time around.
- adaml_623 15y agoOr perhaps the drop happened because a lot of the big banks knew that the downgrade was coming. Is it insider trading if everyone knows?