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The "black guy" that was shot is hardly even black lol . It's just an excuse to riot and loot really. I'm sure there were lowlife black, white , red ,yellow, whatever color i don't really care. A lowlife is a lowlife . This shooting was justified since he shot at an officer first...

They need to use tear gas more. That shit scatters a crowed quicker than a bull in a china shop.

I just can't give anything, I've given to all you people already. I'm on a fixed income and I'm 89 years old. Stop calling me.

Don't quit your job unless you have 2-5 years living expenses covered while you learn how to trade. Expect to blow an account or 4 before you learn how to trade properly. Start small so you actually have money left for if/when you do figure the game out. The best traders in the world went...

Well just pull up a chart of JPy and chf,( 6j or 6s) they've basically been the safe haven currencies as of late.

Warnings this week. Treasury margin hikes, check. Chf Margin Hikes check. Jpy Margin hikes, Check. 500pt Dow drop, Check. Warnings were there, plain and simple. Joe Public who works hard every day to save for retirement and doesn't follow markets closely gets effed again. What a surprise.

Well japan debt is AA ....People seem ok with Japan... so who knows. The market will speak soon enough.

I agree, History repeats, and if history is right again , this fiat currency shouldn't last much more than 40 years. ( came of gold standard in 71) . Although I hate the dollar I am heavy in cash right now because I believe people fly to cash during panics. Thing is gold sometimes dumps...

But lets be realistic, after the first stimulus was announced, how many people with any business sense actually believed treasuries were worth a damn? So this downgrade really is only going to scare Joe Public into panic selling stocks.... and prolly buying the treasuries that were just...

The media will probably cause Joe Sixpack to panic again. I can't tell to what extent of course. Just glad I went into majority cash from long term index holdings on the 28th. I'd venture to say spx 1100 will come rather quickly.

Actually surprised it took this long.

http://www.reuters.com/article/2011/08/06/us-usa-debt-downgrade-idUSTRE7746VF20110806 Official

All I can say is good luck on Monday everyone. :eek:

Just in via twitter reuters..... no joke Breaking News: S&P downgrades U.S. credit rating to AA+ with negative outlook

Reuters Breaking News: S&P analysis of U.S. debt contains "deep and fundamental flaws" says source familiar with report more back n forth bull poopie... Wheres my glass of wine I just set down? http://www.reuters.com/article/2011/08/06/us-usa-debt-downgrade-idUSTRE7746VF20110806

I know right! They rated some MBS's AAA when in reality they only calculated that the market could go up forever. Their "calculations" and ratings aren't worth the powder to blow em to hell.

Went majority cash on the 28th with my long term funds. Be in Barbados for a few months. Wake me up when Jesus returns.

Bet lots of people needed to change their depends after that one .

I think gold got the memo about the dent ceiling being raised, wouldn't ya say?