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

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  •  That Theory Has NOTHING to Do w/ Downgrade (0+ / 0-)

    Can you explain how there can be more demand for a security that S&P stated was more likely to default, unless the market ignored the downgrade as I claimed it did?

    If the downgrade had any effect at all, wouldn't the result be a decrease in the price of treasuries, which was the exact opposite of today's events?

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