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-   -   Pretty good article (http://www.wakeworld.com/forum/showthread.php?t=789217)

psudy 07-29-2011 8:14 AM

Pretty good article
 
Although I think all of this partisan BS is going to have a little harsher outcome, especially on the DOW.

http://www.bloomberg.com/news/2011-0...line-baum.html

fly135 07-29-2011 8:33 AM

After the govt has forced us to put our money in Wall Street all these years they want to show us how fast it can be turned to vapor.

stephan 07-29-2011 12:12 PM

Paul, most analysts will tell you that this was not unexpected and much of the hurdles that are expected have already been priced into the market. The markets have essentially responded to uncertainty and done so in a rather tame way, mostly due to the fact that most money managers aren't really surprised.

psudy 07-29-2011 1:26 PM

Disagree. If we loose our AAA rating, it will have a larger impact than people think. The dow is down almost another 100 today, although its mostly due to second quarter GDP and consumption shortfalls.

psudy 08-02-2011 1:48 PM

DOW down 266 today.

humboldt9 08-02-2011 3:37 PM

Peaks and valleys... I'm a firm believer of dollar cost averaging, there's going to be some good buy opportunities for those sitting on cash.


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