S&P downgrades US credit rating

The market drop is not based on the downgrade. The majority of the European market is imploding right now and it is causing sell offs across the board. Please do some research before trying to call me out.

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Originally Posted by sbouslog

The market drop is not based on the downgrade. The majority of the European market is imploding right now and it is causing sell offs across the board. Please do some research before trying to call me out.

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Of course the Europe situation is a big part of it but if you think the downgrade didn't contribute, you have your head in the sand.

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Originally Posted by tmleadr03

Market forces control the Fed interest rates? Who knew. I thought the Fed controlled the interest rate.

The low interest rates are due to the Fed trying to prop up the economy by pumping money into the economy. Not by market forces. But even so, you are going to see the interest rates start going up. Very soon, not now, it is going to be a good time to buy. When you start seeing 15% go for it. Same with the stock market. Lots of billionaires were made in the great depression because they could buy stocks when the prices were down and ride it back up. Give the market another week or so and bump up your 401K is my bet.

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Demand sets the rates.

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Originally Posted by sbouslog

Demand sets the rates.

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Well, you're half right anyways.

SEC Investingating S&P employees is total Bull&hit that SEC Investingating S&P employees for possible insider trading.
What insider trading? Did they bought/sold SPECIFIC individual securities off of it?
Did they wrote options?

s

there's a joke in this somewhere....


first black president in history.... first credit downgrade in history.... :confused: