GOING BEYOND
8.11.2011
The eurozone crisis won't go away - that's bad news for stocks
Well, that didn't take long. Markets rebounded on Tuesday night after the Federal Reserve promised to keep interest rates low for two years. Yesterday they lost practically all the rebound gains, as panic in the eurozone switched to France, and banks in general. Even although all three major credit ratings agencies said they had no plans to downgrade France's AAA rating, worried investors just kept selling, with the Dow Jones ending the session losing another 500-odd points. So what's the problem?
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