Watch this for the next few days. It's gonna be interesting.
My opinion is that it's going down (and not because I'm short, but things aint lookin good. Well...that's why I'm short...right? ), I expect a Moody's and/or Fitch downgrade shortly.
took out downtrend resistance from may. Next stop 14, and then you will probably see the last of the weak shorts capitulate. Wouldn't surprise me to see a quick 10-15% move if 14 gets taken out..
Also.. The first post of this thread states that AGO is AAA rated, which i'm pretty sure its no longer...