Wait, so is S&P going to downgrade the United States of America @ 8:15pm EST ??!!

Wow...I just heard it on the news too. Didnt say what it downgraded to, just that it was downgraded. Dang! Well at least my silver will go to $100 next week. Sucks to be you guys who are long Treasuries. :P
 
Quote from Zr1Trader:

All I can say is good luck on Monday everyone. :eek:
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Did you not think it would happen?
 
So let's hear the predictions. Is this good or bad for bonds? For stocks I see a likely gap down and green close as Bernanke opens his man bag. Bonds I don't know...
 
Quote from Zr1Trader:

Actually surprised it took this long.
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Yep same here but glad. It gave me time to prepare. Hhow bad do you think this is?
 
Quote from morganist:

Yep same here but glad. It gave me time to prepare. Hhow bad do you think this is?
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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.
 
Quote from Zr1Trader:

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.
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I've gone more into precious metals. Because I think there will be hyperinflation to deal with it.
 
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