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View Diary: Market Humiliates S&P — Rejects Downgrade (266 comments)

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  •  Great diary Mets, now let's play this out (1+ / 0-)
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    Mets102

    I buy your conclusion that the markets have determined that S&P is wrong.  There's a comment upstream about S&P's stock price tanking; that further bolsters your conclusion.

    But what else is the market saying?  I submit that the markets are also saying that the adults in the room are now or soon will be in control.  They are saying that they have no faith in the right-wing extremists' ability to hijack the US economy with these stupid maneuvers based on irresponsible and ill-informed rhetoric.  

    I submit that today's economic news portends good news come November.

    Thoughts anyone?

    Hill? What hill? No one said there was going to be a hill . . . . Was there a sign?

    by Jersey Jon on Mon Aug 08, 2011 at 09:58:14 AM PDT

    •  That's what the BOND market is saying, maybe (0+ / 0-)

      The STOCK market on the other hand is saying something else ...

      "Good news in November"?  

      Well ... maybe no BAD news --  in the sense that the White House will remain in Democratic hands ...

      Beyond that ...

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