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Re: S&P Downgrades the United States

By: fizzy in ROUND | Recommend this post (0)
Sat, 06 Aug 11 11:13 PM | 45 view(s)
Boardmark this board | De's Test Board 		Msg. 34393 of 45644
(This msg. is a reply to 34362 by Decomposed)
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"Everything is now different.
And I say, GOOD."

I agree with you on the 'GOOD' & I doubt the 'Everything..different' part.

As I posted before, there was NO excuse for this country to have ever run a deficit; not ever. Where we are now -- in a dark, dirty, fearful, angry, VERY hard place -- was the inevitable result of living beyond our means, of letting our hedonism and arrogance get ahead of our common sense and basic principles.


I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon

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The above is a reply to the following message:
Re: S&P Downgrades the United States
By: Decomposed in ROUND
Sat, 06 Aug 11 4:53 AM 		Msg. 34362 of 45644

I was right to suspect "someone" was intervening with the markets near the close today.

I watched the markets trickling down, pretty steadily, from +30 to -40 over a period of 45 minutes, then abruptly rocket up in 3 or 4 minutes to +85. As it began trickling down again, more obviously unnatural surges came, bringing the Dow out of the "negative" danger area time and again.

Folks in DC obviously knew what tonight's S&P news was going to be. They didn't want it to also be coupled with another negative day on the Dow - which would have been a psychological double-whammy come Monday.

Monday morning is still going to be U-G-L-Y. Things have to change in our country now. The old way no longer works. From now on, a rising debt will come at a tangible cost. Voters can relate to higher taxes. And they can relate to higher prices.

Everything is now different.

And I say, GOOD.

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