S&P downgrades Spain two notches, to BBB+ from A, with a negative outlook. The ratings...

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sheeple2012 Comments (203)
 
bullish! more LTRO and QE please! (like, NOW!!)
26 Apr 2012, 05:25 PM Reply Like

schatzl Comments (391)
 
Hardly a surprise. This is just the beginning.
26 Apr 2012, 05:26 PM Reply Like

J 457 Comments (863)
 
Its about time. House of cards starting to fall.
26 Apr 2012, 05:42 PM Reply Like

WMARKW Comments (8362)
 
Spanish bad bank loans are up to 8.2% vs prior high of 9.2% in 1994. Government bond rates are near the 6% range. Spain's use of the ECB to borrow money has doubled since the most recent period and suggests the system is now unable to access the unsecured overnight lending system. Outflow from the banking system reached 67 billion E in March. It's called a bank run. Cash is coming from ECB and probably US swap agreements. And today CDS place 49% probability of bankruptcy in next 10 years.
26 Apr 2012, 06:06 PM Reply Like

untrusting investor Comments (9879)
 
Good points and observations.
26 Apr 2012, 07:52 PM Reply Like

j4mes Comments (2)
 
get short the futures bloodbath tomorrow
26 Apr 2012, 06:44 PM Reply Like

sean.parmelee Comments (790)
 
Selloffs post-downgrade are so last year.
26 Apr 2012, 10:34 PM Reply Like

mimailmula Comments (44)
 
Was the market expecting two notches down at once?
26 Apr 2012, 11:20 PM Reply Like

cn_habs Comments (126)
 
so a 2% drop at the opening?
27 Apr 2012, 03:34 AM Reply Like