Look at A rated ABX index. At 81.5 cents on the dollar.
I've always heard 82.5 cents on the dollar is the bottom of the normal trading range...
Sound the dive alarm
Got popcorn?
Neil
Update:
The bond market is tanking and this Friday is Friday the 13th.
I'm thinking the stock market is in for a world of pain.
What would a crash of Friday the 13th be called?
2 comments:
It just hit 72.36 (on Friday the 13th) according to http://www.markit.com/information/affiliations/abx
Wow.
Wow is right...
I totally mis-called that one.
Then again... its a mania. No logic involved.
Got popcorn?
Neil
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