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Greenspan Sees Stocks Falling After S&P Cut, Bloomberg article

Posted by L Levin on August 7, 2011 at 8:20pm

“Considering the momentum in which the market went down over the last week, it is very unlikely, if history is any guide, that this isn’t going to take a while to bottom out,” Greenspan said on NBC’s “Meet the Press” program. “So the initial reaction in my judgment is going to be negative.”

http://www.bloomberg.com/news/2011-08-07/greenspan-says-markets-to-take-a-while-to-bottom-out-u-s-bonds-safe-.html

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Comments

  • L Levin August 8, 2011 at 11:41am
    Dow is down 203pts according to IG pre market,  as at 12.41pm
  • L Levin August 8, 2011 at 7:19am
    Greenspan always worked for the richest 1% in the US, for them he has served them very very well, I would not agree he is a moron and at all.
  • Aadil August 7, 2011 at 8:27pm
    Greenspan is moron...he created this mess along with George Bush and his pathetic wars............Greenspan should be in a cell with Madoff !! Market rallys from here
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