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Moodys portugal downgrade

  • 13-07-2010 7:54am
    #1
    ranger4
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭


    Possitive to see moodys downgrade of portugal being ignored by investors, stocks retacing losses.


Comments

  • #2
    Mr_Roger_Bongos
    Registered Users, Registered Users 2 Posts: 1,470 ✭✭✭Mr_Roger_Bongos


    ranger4 wrote: »
    Possitive to see moodys downgrade of portugal being ignored by investors, stocks retacing losses.

    Seems quite a 'head in the sand' mentality to give it no weight. Is this and it's possible knock on effects not exactly what was feared?


  • #3
    ranger4
    Registered Users, Registered Users 2 Posts: 1,370 ✭✭✭ranger4


    Mr_Roger_Bongos wrote: »
    Seems quite a 'head in the sand' mentality to give it no weight. Is this and it's possible knock on effects not exactly what was feared?

    I thorght it was possitive to see portuguese stocks rebound from inital drop on news, outlook also remains stable up comming bond issue will give indication of investor appitite. greek bond yield better than expected is helping sentiment this morning.


  • #4
    woodseb
    Registered Users, Registered Users 2 Posts: 876 ✭✭✭woodseb


    Mr_Roger_Bongos wrote: »
    Seems quite a 'head in the sand' mentality to give it no weight. Is this and it's possible knock on effects not exactly what was feared?

    Portugal was on negative watch from AAA for some time - the market fully expected a downgrade so in a sense it wasn't really news


  • #5
    Smcgie
    Registered Users, Registered Users 2 Posts: 1,379 ✭✭✭Smcgie


    woodseb wrote: »
    Portugal was on negative watch from AAA for some time - the market fully expected a downgrade so in a sense it wasn't really news

    I agree it was obvious it was comming. The bears knew anyway ;)


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