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April 27, 2012

If Spain Gets Downgraded in a Forest…

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Is Spain in a forest or something? It seems like S&P's downgrade of Spain is the proverbial tree falling in a forest. Nobody heard it. Or, rather, they heard it, but nobody cares. Spanish bond yields rose, a bit; Spanish stocks are actually up, higher, in the green. But to borrow another proverb,... FF News: Fundamental

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