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Spain became the latest European country to have its credit rating downgraded yesterday, and by far the most important.I highly recommend reading the first link, from ZeroHedge. Let’s just say it makes it very difficult to be a big believer in the old continent’s economic system.
Here is that link with others I liked this week:
-Europe: A continent of lies and broken promises @ ZeroHedge
-CBOE launches options on VXX & VXZ @ Vix and more
-May 27 Stock Market Recap @ TraderMike
-Too pig to fail @ Ritholtz
-What’s the difference between an investor and a trader? @ OnlineInvestingAi
-Five dividend stocks to buy on a drop @ DividendsValue
-Are you financial sexy? @ MillionDollarJourney
-Running a company: Making a plan @ TheFinancialBlogger
-How much time do you take to manage your personal finances? @ GreenPanda
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With all the warnings we’ve been given, this shouldn’t be a surprise to anyone. Nevertheless, Friday was another example of emotion running wild.
And probably more volatility tomorrow morning. Asia is down…again! Volatile times, at least it`s fun to trade.