[lbo-talk] Investors in "panic mode" - is there any other mode?

[Fernando Cassia]

On Fri, May 18, 2012 at 4:08 AM, Fernando Cassia <fcassia at gmail.com> wrote:


>
> "*The Australian sharemarket has plunged in a broad-based sell-off, as
> fears grow the eurozone's debt crisis could worsen. At their peak, today's
> falls wiped another $35 billion off the market's value, bringing May's
> losses to about $110 billion.*
>
> Read more:
> http://www.smh.com.au/business/markets-live/markets-live-investors-in-panic-mode-20120518-1yudq.html#ixzz1vCdttZJa
>
>
Sorry, forgot the most juicy bit... a reader's comment, highlighted
alongside the story:

"Latest Comment

So much for the 'wisdom of the market'. Really the whole system is like a
herd of cattle
Michael"

FC