Independent voices from the TWT Communities
Fearing a financial rupture in Europe, investors around the world fled from risk Wednesday. They punished stocks and the euro, and the yield on a benchmark U.S. bond hit its lowest point since World War II.
The U.S. stock market joined a sell-off around the world Monday in the first trading since Standard & Poor's downgraded American debt and gave investors another reason to be anxious.
"When people just want to get their money back, there's not a lot of competition," O'Donnell said.
It's no longer about turning a profit, said O'Donnell of RBS.
