Breaking News: S&P Downgrades US To AA+

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FRBNY
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Breaking News: S&P Downgrades US To AA+

http://www.zerohedge.com/news/sp-downgrades-us-aa-outlook-negative-full-text

Edited by admin on 11/08/2014 - 06:04
cris
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Even a $2trillion mistake did not alter outlook

CNN is reporting that S7P wanted to downgrade this afternoon.

Some WH official pointed out a $2 trillion mistake,  WHICH S&P ACCEPTED AS A MISTAKE.

SO they go back and re-do their analysis.

DIDN'T MATTER.

Same critique.

NOT EVEN $2 TRILLION MATTERED.

thecoloredsky
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Friday night theatrics. At

Friday night theatrics. At least they tried to lessen the impact after close. Curious as to what Monday brings....

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bern
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My guess is treasuries are

My guess is treasuries are going to sell off on Monday.  The Treasury dept. will be facing a more hostile market for new debt issuance.  The Fed is going to have their justification and political capital to initiate QE3 come their Aug. 9 FOMC meeting if they don't enact emergency measures before then.  Metals will rise.

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silversalmon
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If it keeps on raining the Levee is going to BREAK

If it keeps on raining the Levee is going to BREAK!!

Silver is money
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bern wrote: My guess is

bern wrote:

My guess is treasuries are going to sell off on Monday.  The Treasury dept. will be facing a more hostile market for new debt issuance.  The Fed is going to have their justification and political capital to initiate QE3 come their Aug. 9 FOMC meeting if they don't enact emergency measures before then.  Metals will rise.

I expect BOTH metals to get margin requirement hikes no later than Sunday night.  This will not be smooth.  The volatility will be insane going forward. 

LVStrapped
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I only buy physical silver

I only buy physical silver and gold and I'm thinking about making big additions Sunday morning.  I've been waiting to buy more.  I'm thinking this is a good time to lay down another 10k in silver and gold.  What do u guys think?

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maravich44
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@LVStrapped. Choices?

I wish I had that problem/opportunity. Silver is beautiful but I would love to have Gold for company. Buy both.   P.S.  "Undaunted Courage" (Lewis and Clark). Great read if history interests you.

mezzrow
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"click!"

bern
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LVStrapped - I pulled the

LVStrapped - I pulled the trigger last night and will likely do so again today.  I read an unsourced comment in the blog that physical PMs are up over 2% in India on the US downgrade news.  Floodgates, they are opening IMO.  YMMV.

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Silver is money
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bern wrote: LVStrapped - I

bern wrote:

LVStrapped - I pulled the trigger last night and will likely do so again today.  I read an unsourced comment in the blog that physical PMs are up over 2% in India on the US downgrade news.  Floodgates, they are opening IMO.  YMMV.

2% huh?  That means silver would only need another 8% or so on top of that to be where it was 2 days ago.   frown 

bern
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Get it while it's cheap. 

Get it while it's cheap.  YMMV.

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LVStrapped
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Thx guys for the input.  I'm

Thx guys for the input.  I'm pulling the trigger tommorow morning. I'd rather have a couple tubes of ASE then a stack of green backs anyday.   

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Babstar
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Italy too big to bail.

Oh boy, Monday is going to be interesting

http://www.zerohedge.com/news/it-just-went-bad-far-far-worse-germany-says-italy-too-big-efsf-save-refuses-carry-euro-bailout-

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