US credit downgraded

[ceyko]

Man, my Iraqi Dinar need to pay off 3:1 QUICK so I can afford some bread and a gallon of gas in a few years.

[Denny]

Im being sarcastic i wouldnt buy that overpriced bubble now. Eventually its gonna tumble.

You're kidding again, right? You mean gold won't go up everyday for the next eleventy years?!?!

Shit, I need to dump this crap!

[Captain Crawfish]

Buy gold now? I know you're kidding, but just to let you know, 90% of my metals were purchased in the second quarter of 2010. I've bought a few dips on the way up and played on some options as well.

It's nice to see the ignorance played out on here, though.

Im being sarcastic i wouldnt buy that overpriced bubble now. Eventually its gonna tumble.

[Denny]

Buy gold now? I know you're kidding, but just to let you know, 90% of my metals were purchased in the second quarter of 2010. I've bought a few dips on the way up and played on some options as well.

It's nice to see the ignorance played out on here, though.

[Captain Crawfish]

OMG its the end of the world buy gold oh noes save yourself!!!

[Denny]

if they are so good at evaluating how did they miss last time? take that rating with a grain of salt and buy while these dumbasses are scared

Get dem bonds, son!!!

[Captain Crawfish]

Should we give so much credit to the S&P rating? Who gave AAA ratings to bonds that later became known as toxic assets? S&P has made many large mistakes in ratings so why is it that the world can move on what this organization has to say? American t-bonds are still going to be the safest bet out there. I just don't understand.

if they are so good at evaluating how did they miss last time? take that rating with a grain of salt and buy while these dumbasses are scared

[Denny]

Neither government will do that, as it restricts them too much.

[The King]

I would still like to see nothing less than a Constitutional amendment requiring a balanced budget put up for a vote in the U.S. Even Italy is proposing the same thing over there, although it remains to be seen if that actually happens.

[Denny]

Bam!

http://finance.yahoo.com/news/Bondbuying-program-shores-up-apf-1149624906.html?x=0

[Denny]

I can't wait until the European Central Bank buys Italian and Spanish bonds and saves the day.

[347Mike]

probably open up -200 and wind up down -400 before some how magically recovering to green then back into red. YO-YO!

i'm buying SDOW at 8:30:01 AM and selling it at 9:30 AM

Goodluck!

[momo]

Yea, now down about 1.7%. I'm starting to wonder if we'll get more than a 3% sell off at this point. Which is a shame because I'd like to buy some stuff for cheap.

probably open up -200 and wind up down -400 before some how magically recovering to green then back into red. YO-YO!

i'm buying SDOW at 8:30:01 AM and selling it at 9:30 AM

[slow99]

Should we give so much credit to the S&P rating? Who gave AAA ratings to bonds that later became known as toxic assets? S&P has made many large mistakes in ratings so why is it that the world can move on what this organization has to say? American t-bonds are still going to be the safest bet out there. I just don't understand.

Covered here:

http://www.dfwmustangs.net/forums/showthread.php?t=15585

Not to mention increased cost of capital, fewer profitable projects for businesses.

[twicepipes]

Should we give so much credit to the S&P rating? Who gave AAA ratings to bonds that later became known as toxic assets? S&P has made many large mistakes in ratings so why is it that the world can move on what this organization has to say? American t-bonds are still going to be the safest bet out there. I just don't understand.