Saturday, August 6, 2011

The Downgrade

I'm obviously very curious to see what happens in the markets on Monday after the downgrade of the U.S. credit Friday evening. It could go either way, I think. On the one hand, we've already started a big move down that didn't appear to be finished. On the other hand, if there is a huge move to the negative side, we could actually go up. The commentators would say it's already priced in. Things are getting very racial on the Yahoo posts this morning, as I feared, which made me start my blog in the first place as to why a crash might happen.

My blog is definitely not an advice column. I don't have a clue on what you or I should do about all of this as far as investments. This is a blog to get the true story out about why a crash would happen. It's not what everyone thinks.

Rob

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