Damn glad to see they posted this on 321gold. Remarks from Richard Russell's Dow Theory Letters on WWII and Russell's own experiences during that time. I read this in the daily remarks of his letter the other day, and it is now posted on 321gold for everyone to see. Check it out.
S&P cut Nasdaq's credit rating to junk status citing debt burdens and its questionable strategy to buy a controlling interest in the London Stock Exchange. Financial Times reported that the exchange's counterparty credit & bank loan rating were lowered fromm BBB- (lowest investment grade rating) to BB+. The change will increase Nasdaq's borrowing costs should it wish to pursue aquisition targets. For an earlier look at the exchange consolidation trend that brought about Nasdaq's push for a stake in the LSE, please see "Exchange fever" .