- Trends tags:
- Monte Carlo
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My friends, these are the times that try men's souls.Â I believe we are starting "the race" to the bottom (or not).
We're seeing panic all over the markets right now,'' said <a onmouseover="return escape( popwSearchNews( this ))" href="http://search.bloomberg.com/search?q=Javier+Barrio&site=wnews&client=wnews&proxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=wnnis&sort=date:D:S:d1">Javier Barrio</a>, head of equity sales for Spanish clients at Banco BPI SA in Madrid.Governments are taking steps to try to reduce investors' fears but confidence is weak.''[via Bloomberg]
The scary thing is that one of my simulations show the S&P500 could reach 700 rather quickly.