Anyone who believes S&P or Moody is pretty lame.
“American International Group tumbled 8.9% after a Wall Street stock analyst said the company has no net earnings per share in the conventional sense, and also set a bearish $6 target price for the stock.”
Shocking...’no net earnings’. Hmmm...was our bailout of AIG a good use of taxpayer $$? Part of the ‘too big to fail’ mantra...:(
Nothing to worry about....Der Leader pays no attention to the daily movement in the stock market....
Interesting to look at commodities...
Oil down slightly (expectations for continued recession...)
Gold steady
BUT, copper, after months of rambling and slight up trend, now tumbling... -16 cents
WooHoo!
It was 14.94P% this morning!
Dow off 213 and is below 11,000. Also S & P 500 is below key 1200 level.
socialism only works until you run out of other peoples money.
The socialist dominoes are about to start falling world wide.
And make no mistake it will be children and minorities hardest hit.