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Thumper517

Thumper517
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  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    What market will be affected? Bonds or equities, or both?

    Thanks S&P, you are doing the country a service. You were bought and paid for in 2008 by Wall Street, hell, they gave you your models to assess the CDO's. So now you are overcompensating, but thanks anyway. You are doing us all a favor.

    Imagine the balls over there this week. Every kind of political pressure probably has been applied by the ruling class in Washington and on Wall Street, but they went ahead with the down grade anyway.
    Aug 5, 2011. 11:22 PM | 1 Like Like |Link to Comment
  • S&P lowers its sovereign credit rating for the U.S. from AAA to AA+. "The downgrade reflects our opinion that the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government's medium-term debt dynamics."  [View news story]
    Downgrade no surprise here. It's already baked in the market.
    Aug 5, 2011. 11:04 PM | 4 Likes Like |Link to Comment
  • Democrats and Republicans reportedly reach a tentative agreement on the framework of a deal that would increase the debt ceiling by up to $2.4T and guarantee an equal amount of deficit reduction over the next 10 years.  [View news story]
    It is a victory for the Tea Party Republicans. They shifted and controlled the entire debate. If it was not for the fiscal conservatives influence it would have been another routine increase in our debt. The administration would be pushing and probably getting more stimulus programs. The is a turn away from the Keynesian policies. Or at least a tap on the breaks. There was no way they were ever getting deep spending cuts. Problem is too little too late. Stay tuned for default by inflation.
    Jul 31, 2011. 07:28 PM | 3 Likes Like |Link to Comment
  • Some of the latest in corporate America's most outrageous acts, as chronicled by Daniel Gross: Athena Health (ATHN) shelled out $7.7M for a Maine beach resort; Ralph Lauren (RL) paid himself and relatives $34M; Northrop Grumman (NOC) paid its CEO $1.6M for "enhancements" to his new Virginia home and its CFO $750,000 to help facilitate the move.  [View news story]
    I think the point of the article would be to call into question the judgement of the management regarding the value these companies give to the shareholders. Don't think Ben Graham would approve.
    Jul 12, 2011. 10:38 PM | 1 Like Like |Link to Comment
  • Preparing for Crashing Markets [View article]
    Great article Tim. I remember going through those emotions in 2008-2009 and finally turning off the news.
    Nov 22, 2010. 11:31 AM | 2 Likes Like |Link to Comment
  • Risk on? Not exactly, as stocks are at heavy losses; Nasdaq may have hit bottom, now down just 1.6% to 2,516, but the S&P 500 is -1.4% to 1,196 and the Dow -1.1% to 11,163. Among sectors, basic materials is heading toward a 3% loss and metals are hammered: gold -2.7% to $1,365; silver -5.6%; platinum -3.5%; copper -3.1%.  [View news story]
    Nasdaq may have hit bottom down just 1.6%. And CSCO's problems are just specific to CSCO. I'm hitting the no sale on that one.
    Nov 12, 2010. 01:50 PM | Likes Like |Link to Comment
  • George W. Bush maintains that TARP "saved the economy" and he "absolutely" would do it again, the former president tells NBC News. “The idea of spending taxpayer money to give to Wall Street banks to save them - a lot of people think they created the crisis in the first place - so I can understand the angst [of the American people]."  [View news story]
    Most of the big banks have paid back the TARP funds with interest. It has cost the taxpayers a fraction of what the pundits were predicting.
    You can't go back in time and let the dominoes fall to punish "Wall Street" You also can't go back and save Lehman Brothers or the 2 years to get back to even in the stock market.

    What's the difference between QE2 and TARP?
    Nov 6, 2010. 08:10 AM | Likes Like |Link to Comment
  • How Bad Will This Market Get? [View article]
    I don't understand why John Nyaradi uses the DOW in his technical analysis illustration. This is almost a meaningless index relative to the overall market.
    Oct 17, 2010. 10:12 AM | 8 Likes Like |Link to Comment
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