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Old    Paul (psudy)      Join Date: Dec 2003       07-29-2011, 8:14 AM Reply   
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
Old    John Anderson (fly135)      Join Date: Jun 2004       07-29-2011, 8:33 AM Reply   
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.
Old    Small Light (stephan)      Join Date: Nov 2002       07-29-2011, 12:12 PM Reply   
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.
Old    Paul (psudy)      Join Date: Dec 2003       07-29-2011, 1:26 PM Reply   
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.
Old    Paul (psudy)      Join Date: Dec 2003       08-02-2011, 1:48 PM Reply   
DOW down 266 today.
Old    Brad Walker (humboldt9)      Join Date: Jun 2004       08-02-2011, 3:37 PM Reply   
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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