Anyone who believes S&P or Moody is pretty lame.
“Anyone who believes S&P or Moody is pretty lame.”
But the debt crisis in Europe - you think that’s real, correct? Or debt levels here?
Well, true. They’re way late to the game.
Still, there are a lot of funds who have to sell the Greek debt now, because they’re not allowed to own junk paper. So while late, S&P’s announcement has ramifications in the market.
They haven’t cut the US credit rating yet??
Its junk but the agencies can’t admit it.
Why leave the DOW out? Has no value anymore except as another propaganda tool for The Marxist Onada.