WOW the credit rating drop is almost a big nothing!!!

[racprops]

OK We were downgraded by one of the big three rating services…but the one that did downgrades us is the one with its own record of being the poorest judge of the three.

The other two did NOT downgrade the US.

So it may not amount to much after all, other that the too easy scared investors on the stockmarket.

Rich

[Biker]

As it stands it all a smoke up the old kazoo tactic to get people all worked up to stir the pot, Us is always up front in the money game and will never change. Just because some idiots made a panel to make claims on country's money dint mean shIIIIT.We are still No. 1

[Redwizard]

Maybe the US can send an email to "freecreditreport.com" and get a copy of there report, then dispute everything on it.

[davis411]

you say nothing

i play the market and it is something

sea of red

this is terrible

ouch

[Dalite]

DOW futures are down 231 at 11,171.

It may be a tempest in a teacup, but the DOW may fall into the ten thousand range today.

[RodandStaff]

Pay attention to the markets this week... if they plummet then the rest will probably downgrade us as well. This has been a long time in coming. We can't keep overspending like we have and expect to get away with it forever! Let the following quote really show you where we are at in a way we can relate to:

"If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand." - Dave Ramsey

[Mongo]

As it stands it all a smoke up the old kazoo tactic to get people all worked up to stir the pot, Us is always up front in the money game and will never change. Just because some idiots made a panel to make claims on country's money dint mean shIIIIT.We are still No. 1

Hmmmm.........................I think your reasoning is #2

[krome2ez]

Read more:

[sandyf]

As it stands it all a smoke up the old kazoo tactic to get people all worked up to stir the pot, Us is always up front in the money game and will never change. Just because some idiots made a panel to make claims on country's money dint mean shIIIIT.We are still No. 1

Only ever been a figment of your imagination.

[leanonme]

It means something in the market for sure. I am very glad I am in silver and gold. Everything else is in the ditch.

[BruceV]

I PROMISE YOU THAT IT ISN'T OVER YET!

[TimS]

You obviously know NOTHING of today's market or what the word economics means???????? Do you read the newspaper....any newspaper?

[Kittykins]

OK We were downgraded by one of the big three rating services…but the one that did downgrades us is the one with its own record of being the poorest judge of the three.

The other two did NOT downgrade the US.

So it may not amount to much after all, other that the too easy scared investors on the stockmarket.

Rich

Not sure WHY you get a negetive on your comment so a + for you from ME !

I agree, hopefully one company downgrading us will not effect us too terribly. People go into mass hysteria when things happen, taking with them more people who refuse to do homework & check things out for themselves. I am not saying it is all hunky dory but we need to remain calm & ride out storms because storms don't last forever. BUT there is a first time for everything. *yikes*

[tyron]

Not sure WHY you get a negetive on your comment so a + for you from ME !

I agree, hopefully one company downgrading us will not effect us too terribly. People go into mass hysteria when things happen, taking with them more people who refuse to do homework & check things out for themselves. I am not saying it is all hunky dory but we need to remain calm & ride out storms because storms don't last forever. BUT there is a first time for everything. *yikes*

unfortunately Kittykins, this storm is designed to last. Anyway, no need to wait for S&P's peers, the market has already downgraded America's debt worthiness to junk status. Otherwise gold wouldn't be 1700 dollars an ounce and rising. Watch your head on QE3.

[sammyque]

This is priceless! Just watch...

[betsy1949]

Pay attention to the markets this week... if they plummet then the rest will probably downgrade us as well. This has been a long time in coming. We can't keep overspending like we have and expect to get away with it forever! Let the following quote really show you where we are at in a way we can relate to:

"If the US Government was a family, they would be making $58,000 a year, they spend $75,000 a year, & are $327,000 in credit card debt. They are currently proposing BIG spending cuts to reduce their spending to $72,000 a year. These are the actual proportions of the federal budget & debt, reduced to a level that we can understand." - Dave Ramsey

Very good analogy. With all of the totally irresponsible spending, we should be downgraded. It is time to take a solid look at our responsibilities, and to cut a large part of our government. The fewer the government workers, the less trouble they can get us into. We can govern ourselves far better than they are governing us.

[cooked]

I hope everyone with 401s in the market was smart enough to pull out and sit on the sidelines while this is going on.

Here little piggy piggy

[RonSkilbeck]

The S & P is simply saying the obvious - "The King has no clothes."

[PartyTime]

You obviously know NOTHING of today's market or what the word economics means???????? Do you read the newspaper....any newspaper?

Not unless I want to have a lot of BS mistruths and half truths drilled into my head. LOL

[RodandStaff]

This is priceless! Just watch...

http://youtu.be/q6vi528gseA

Wow... in 24 seconds I got to hear Alan Greenspan saying "we can never go into default because we can always print more money". "Priceless"!

And the look of the other guy in the panel was priceless... kinda like.... "is this guy nuts"? And that is who was helping lead us into this mess... wow, double WOW! Good find sammyque! Thanks!

The S & P is simply saying the obvious - "The King has no clothes."

We refer to that as "buck naked"!

[GPCarter]

OK We were downgraded by one of the big three rating services…but the one that did downgrades us is the one with its own record of being the poorest judge of the three.

The other two did NOT downgrade the US.

So it may not amount to much after all, other that the too easy scared investors on the stockmarket.

Rich

I has had a big effect in the forex markets. Since trading opened Sunday I have made a 15% profit. The downgrade by S & P and the Chinese agency DID have an effect and we are NOT done yet.