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Article: INVESTMENT VIEW: Golden nuggets.
- Article from:
- Money Marketing
- Article date:
- July 19, 2007
CopyrightCOPYRIGHT 2007 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Let me put you straight on one thing. Last week's comments were assembled a week before publication and were not a knee-jerk reaction to the sell-off in markets in the middle of last week stimulated by the downgrading of sub-prime debt by the rating agencies. In face, the sell- off did not appear too damaging. One difficult day and a tail of unsettled drifting was all it amounted to.
That was last week. Heaven knows what has happened subsequently. Financial columns last week were full of the so-called sub-prime crisis and speculation on what a real credit crunch may have for the rest of us. The truth is that no one really knows. That there will be casualties ...