S&P Downgrades the USA - Page 2

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  1. #11
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    Quote Originally Posted by Chas3n View Post
    Monday we will see what happens although a drop is sure to be in effect.. I lost some good money this week trying to out smart the drops, Monday its time to sell and cut losses. I only see this worsening in the upcoming weeks time.

    If you have a side project/business I would focus on those for the next month or so.
    You can still short a down market

  2. #12
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    The US is practically broke, spending on credit (almost defaulted), and spends more than GDP..... How dare they drop the credit rating.......
    Dillon likes this.

  3. #13
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    Quote Originally Posted by Chas3n View Post
    Monday we will see what happens although a drop is sure to be in effect.. I lost some good money this week trying to out smart the drops, Monday its time to sell and cut losses. I only see this worsening in the upcoming weeks time.

    If you have a side project/business I would focus on those for the next month or so.
    why do against the grain? Everything down so I shorted some stocks
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  5. #14
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    China blames washington. I'm with them but it is also citizens fault
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  6. #15
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    Quote Originally Posted by jibaholic101 View Post
    The US is practically broke, spending on credit (almost defaulted), and spends more than GDP..... How dare they drop the credit rating.......
    My thoughts exactly. There is always money to be made in the markets as long as you know how to trade.

  7. #16
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    This is what happend to Japan. On 02/21/2001 they got downgraded to AA+, then it crashed, hit a bottom, had a quick rally, and they hit them again with a AA-, which gave them the big crash. S&P also indicated in their recent report that there is a 1/3 chance that they will change the rating again, so I think the same will happen.


  8. #17
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    S&P clearly laid out for Congress what was required in order to avoid a credit rating downgrade. However, most of the ridiculous partisan debates prevented Congress from delivering anything useful. Less than $1 trillion in cuts along with $1.5 trillion in cuts to be determined by the "Super Committee" do not address the governments biggest fiscal threat. The unfunded liabilities and the unsustainable entitlements. There are 50 million people on Medicare and 30 million more that will receive government healthcare assistance under Obamacare. The US government is spending outside its means the the embarrassing debt ceiling exhibit shows how difficult it will be to fix the vulnerabilities in the American govt expenditures.

  9. #18
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  10. #19
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    Should have been downgraded lower years ago, The US economy and government is a joke.

  11. #20
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    Argh

    East bound and down, loaded up and truckin',
    we're gonna do what they say can't be done.

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