Breaking News: S&P Downgrades US To AA+

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#1 Fri, Aug 5, 2011 - 8:37pm
FRBNY
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Breaking News: S&P Downgrades US To AA+

Edited by: FRBNY on Nov 8, 2014 - 5:04am
Fri, Aug 5, 2011 - 9:06pm
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.

Fri, Aug 5, 2011 - 10:35pm
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....

Fri, Aug 5, 2011 - 11:04pm
Prize Fighter
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(No subject)

Sat, Aug 6, 2011 - 12:02am
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.

Sat, Aug 6, 2011 - 12:03am
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!!

Sat, Aug 6, 2011 - 12:06am (Reply to #5)
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. 

Sat, Aug 6, 2011 - 1:47am
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?

"Man cannot discover new oceans unless he has the courage to lose sight of the shore."
Sat, Aug 6, 2011 - 2:03am (Reply to #8)
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.

Sat, Aug 6, 2011 - 2:30am
mezzrow
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"click!"

Sat, Aug 6, 2011 - 9:08am
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.

Sat, Aug 6, 2011 - 11:55am (Reply to #11)
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 

Sat, Aug 6, 2011 - 12:17pm
bern
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Get it while it's cheap. 

Get it while it's cheap. YMMV.

Sat, Aug 6, 2011 - 1:06pm
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.

"Man cannot discover new oceans unless he has the courage to lose sight of the shore."
Sat, Aug 6, 2011 - 5:01pm (Reply to #14)
Babstar
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Italy too big to bail.

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