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S&P 500
5,815.26
(
0.00%
)
US TECH 100
19,642.40
(
0.04%
)
Dow Jones
42,740.42
(
0.00%
)
Brent Oil
74.35
(
-0.17%
)
Bitcoin
67,809.52
(
1.20%
)
Post# of 704019
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Taxmantoo

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Taxmantoo

Re: lee kramer post# 681357

Tuesday, 08/09/2011 9:47:34 AM

Tuesday, August 09, 2011 9:47:34 AM

Post# of 704019
Don't you just love the irony?
Markets crash because US Debt is rated less safe. So the money flees to the safety of US Debt, and the downgraded debt goes up in price while everything that wasn't downgraded gets dumped.
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