From Bloomberg. Just as I have completed almost a month of stalking the market trying to figure out how it is since I stopped trading, this thing hits.
Pretty bad for the market. Risk aversion in the offing but will be like a ping-pong ball bouncing off from hell to nowhere.
http://www.bloomberg.com/apps/news?pid=20601010&sid=aMVnYAF6bYCw
CDOs - complicated investment instruments invented by banks and other institutions based on the sub-prime market. Basically, it's what sent the whole world upside down two years ago.
Proud and Hoping
14 years ago