BREAKING NEWS just watching CNBC right now!
S&P revises US Outlook to NEGATIVE.
Stock futures sharply dropped, USD falling...
BREAKING NEWS just watching CNBC right now!
S&P revises US Outlook to NEGATIVE.
Stock futures sharply dropped, USD falling...
AAA parin, but outlook negative
could cut rating in 2013
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demand destruction is now number 1 concern in oil market
WOW!!!
DJIA down over 200 pts. A lot of selling because of the S&P negative outlook... Only Gold and SIlver is up, since its the anti-dollar and the enemy of FIAT MONEY!
Its a big deal, never has it been questioned before (the US's credibility)...
currency market forgets S&P
dollar rallies
USD index
euro resumes dive
WASHINGTON (AP) -- A key credit agency issued an unprecedented warning to the United States government Monday, urging Washington to get a grip on its finances or risk losing the nation's sterling credit rating.
For the first time, Standard & Poor's lowered its long-term outlook for the federal government's fiscal health from "stable" to "negative," and warned of serious consequences if lawmakers fail to reach a deal to control the massive federal deficit.
An impasse could prompt the agency to strip the government of its top investment rating in the next two years, S&P said. A loss of the triple-A rating would ripple through the American economy, making loans more expensive and credit more difficult to obtain.
http://finance.yahoo.com/news/SampP-...&asset=&ccode=
S&P outlook revision grabbed headlines but the market is actually more concerned about something more important -- the end of QE2
at their upcoming meeting on Apr 27, the Fed will signal the end of asset purchases at the end of June
QE2 has been providing the stock market with downside protection
that protection will be taken away
+++++++++++++++++++++++++++++++++++++++
Last edited by uls; April 19th, 2011 at 01:47 PM.
despite the S&P warning, USG bond yields has fallen (yield down, price up)
US 10 yr yield
US 30 yr yield
something's scaring the market and it's not US credit risk
euro down
EURUSD
stock futures down
S&P500 E-mini
oil down
WTI crude
it's deflation
the thinking is -- if the USG raised taxes and cut spending to avoid losing its AAA credit rating, it's gonna be deflationary
in a deflationary environment, you wanna be in cash and treasuries, not risk assets like stocks and commodities
Last edited by uls; April 19th, 2011 at 01:57 PM.
nagising ako sa notification ng phone ko this morning, and the message was gold at it's highest price..
Nasan na yung mga critics ko because I love Gold and is a known Gold permabull here in Tsikot. Sino nga ba yun sila emanzano ba yun?![]()
Classic Peter Schiff loves gold... malapit na yung deflation and other debt probelms predictions niya
[ame=http://www.youtube.com/watch?v=XW3jFfVtYSs]Peter Schiff Buy Gold it could go to $10 000/oz CNBC 05-11-10 [/ame]
Last edited by Monseratto; April 20th, 2011 at 11:48 AM.