Reuters: US to lose AAA rating!

Very misleading title!

This isn't Reuters. It's an opinion of a technical analyst dude by the name of Prechter.

Pls be careful with this...
 
Same guy?

Prechter's initial predictions were uncannily accurate. Early in the 1980s, he predicted a major bull market with the Dow expected to rise to the 3,600 level, after an interim stop at 2,700. Just when Granville's predictions were shown to be flatout wrong, Prechter was the golden knight of the day by keeping his followers fully invested through October of 1987.
Tarnish set in after October 1987. To Prechter's credit, he did say that there was "a 50/50 risk of a 10% decline" in the market on October 5, 1987, when the Dow was still selling above the 2,600 level, and he advised traders and investors with a short-term outlook to sell. Institutional investors were advised, however, to hang on for the ultimate target of 3,686 in the Dow. After the crash, with the Dow near 2,000, Prechter turned bearish for the long term and recommended holding Treasury bills. He predicted that "the great bull market is probably over" and that by the early 1990s the Dow Jones industrial average would plunge below 400. By not advising repurchase, Prechter missed out on a blue-chip stock rally, which two years later pushed the Dow well above its prior peak. This was a mortal wound for a golden guru.
More...
 
How can a country whose banks literally blew out all of their consumers deposits by "stupid" leverage have or maintain a AAA rating....?

Oh....you mean the same folks that rated the" CCC paper AAA" for commission payments....?

These people just do not stop ....

Do they ?
 
Quote from Martinghoul:

Very misleading title!

This isn't Reuters. It's an opinion of a technical analyst dude by the name of Prechter.

Pls be careful with this...
More...

Sorry...I just love striking fear into the hearts of traders so i couldnt resist :) The actual article said "US LIKELY to lose AAA rating." But I thought its more eye catching if i took out the "likely" part. :)
 
Quote from gbos:
Prechter's initial predictions were uncannily accurate. Early in the 1980s, he predicted a major bull market with the Dow expected to rise to the 3,600 level, after an interim stop at 2,700. Just when Granville's predictions were shown to be flatout wrong, Prechter was the golden knight of the day by keeping his followers fully invested through October of 1987.
Tarnish set in after October 1987. To Prechter's credit, he did say that there was "a 50/50 risk of a 10% decline" in the market on October 5, 1987, when the Dow was still selling above the 2,600 level, and he advised traders and investors with a short-term outlook to sell. Institutional investors were advised, however, to hang on for the ultimate target of 3,686 in the Dow. After the crash, with the Dow near 2,000, Prechter turned bearish for the long term and recommended holding Treasury bills. He predicted that "the great bull market is probably over" and that by the early 1990s the Dow Jones industrial average would plunge below 400. By not advising repurchase, Prechter missed out on a blue-chip stock rally, which two years later pushed the Dow well above its prior peak. This was a mortal wound for a golden guru.

Same guy?
More...
Yup... same guy... The reason Prechter was so 'unGodly' wrong for so long was that the FED has never stopped bailing out the financial markets and the economy since the S&L crisis in the late 80's to early nineties... on to LCTM, Dot Com... etc... etc... they kept moving the ultimate disaster down the road and down the road... well here we are... and there is no more road...

When you OWN the money printing press and you also have world's reserve currency status (the $) you can keep a losing game going a long time...

Even now look at the extraordinary efforts going into keeping the American Ponzi scheme going... I mean the American Economy going...

It is not going to work this time.. the world is finally going to call America as she goes 'ALL IN'... and loses...

thank you and good nite...:(
 
Quote from peilthetraveler:

Sorry...I just love striking fear into the hearts of traders so i couldnt resist :) The actual article said "US LIKELY to lose AAA rating." But I thought its more eye catching if i took out the "likely" part. :)
More...

No worries, we see this all the time on these message boards...
 
This is ridiculous. Is it not suspicious why the US government hasn't made a real investigation of the credit rating agencies and their outright AAA fraud dealing with subprime morgatages?

It is a symbiotic relationship, if one organism kills the other then they both will perish.

Remember how much power the federal government has collected within the last few years.
 
You must log in or register to reply here.
Back
Top