US credit downgraded

[svauto-erotic855]

Really?

http://graphics8.nytimes.com/images/...aph2-popup.gif

A tax cut is not government spending. Obama promised to end the wars and has not done so yet so any spending on them after he took office is his spending.

[inline 6]

SO..... any clue what the markets are going to do on Monday? How many points do you think they will drop? With it dropping over 500 points the other day before this credit stuff came out I predict a 1k point drop over this shit. I hope not but would it surprise anyone?

[Denny]

SO..... any clue what the markets are going to do on Monday? How many points do you think they will drop? With it dropping over 500 points the other day before this credit stuff came out I predict a 1k point drop over this shit. I hope not but would it surprise anyone?

Bro, I have no clue at all. This is all uncharted territory.

[Denny]

Boone Pickens is about to talk about it on Fox News (Cavuto Show).

Warren Buffet is off his rocker. He is just bitter that they also hit BH earlier. LOL

[Geor!]

What do the markets do on Monday? 10k? Less?

[Geor!]

Guess I could have read i6's post first lulz.

[Denny]

LOL... Pickens is just pushing his wind energy agenda and says $4 gas will be back in a few months.

This shit is fucking hilarious!!!!

We need Bill Gates on now so he can tell us that the time has come to drop Apple products since alpples are going to spike in price.

[Sean88gt]

The richest are trying to figure out a way to profit, I doubt they have much pride in country at this point. None are coming forward to offer solutions. Much like the politicians it is about their personal agenda.

I think the market will depend on how many people start pulling assets out of retirement accounts and seeking refuge in hard assets. It won't be good.

[Denny]

An S&P Rep was just on Cavuto's Show and said it usually takes 10-15 years to regain AAA.

[Captain Crawfish]

oh well who didnt already know this was gonna happen. moody's called for a 4 trillion increase in the debt limit and washington like dumbasses chose to do half! wtf did we expect. im gonna continue to invest in things that will help reduce our debt

[Gargamel]

An S&P Rep was just on Cavuto's Show and said it usually takes 10-15 years to regain AAA.

LOL... That's not gonna happen anytime soon....

[Captain Crawfish]

LOL... Pickens is just pushing his wind energy agenda and says $4 gas will be back in a few months.

This shit is fucking hilarious!!!!

We need Bill Gates on now so he can tell us that the time has come to drop Apple products since alpples are going to spike in price.

Any sustainable growth will create 4 dollar gas which will hurt consumers every time. Its happened twice now are we gonna go for round 3?

[Captain Crawfish]

Boone Pickens is about to talk about it on Fox News (Cavuto Show).

Warren Buffet is off his rocker. He is just bitter that they also hit BH earlier. LOL

dont listen to that old man billionaire whats he know anyways? he just wants more money cause he really needs it...lmao.

[The King]

SO..... any clue what the markets are going to do on Monday? How many points do you think they will drop? With it dropping over 500 points the other day before this credit stuff came out I predict a 1k point drop over this shit. I hope not but would it surprise anyone?

The drop in credit rating wasn't totally unexpected by the market, so some of that is already priced in. Another 100 point (10%) drop in the S&P 500 by the end of August wouldn't surprise me though, given the sheep mentality shown by many would-be investors the past several years.

[Broncojohnny]

The drop in credit rating wasn't totally unexpected by the market, so some of that is already priced in. Another 100 point (10%) drop in the S&P 500 by the end of August wouldn't surprise me though, given the sheep mentality shown by many would-be investors the past several years.

You'll know exactly how many people "expected" this on Monday. If the market is fine then guess what...the huge drop on Thursday was the insiders, who knew it was coming from S&P, getting out of the market.