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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED
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To: stockman_scott who wrote (46082)1/9/2002 4:00:00 PM
From: Sully-  Read Replies (2) of 65232
 
15:53 ET Market Selloff : Hearing several possibilities behind the late fade: 1) rumor that Moody's plans to downgrade three major Japanese banks as early as tonight, 2) quasi-cautious comments made by a Fed Governor this afternoon suggesting that the markets are pricing in more of a recovery than the economy is showing, 3) rumor that the U.S. has begun bombing Iraq (lack of reaction in oil mkt would suggest that #3 isn't very credible).
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