Hi 12,
JUST FIVE AAA HOLDERS
The downgrade leaves just five U.S. nonfinancial companies with the top credit rating from S&P. The triple-A rating seems secure at ExxonMobil (XOM), Johnson & Johnson (JNJ), Automatic Data Processing (ADP), and Microsoft (MSFT). Pharmaceutical giant Pfizer (PFE) also holds a triple-A rating, but on Jan. 26 S&P put the rating on watch for a possible downgrade, after Pfizer said it would borrow $22.5 billion to buy rival Wyeth (WYE).
I'm watching Fast Money and thinking that as much as I enjoyed Stewart's skewering of Cramer/CNBC, I am really glad the station is there for me to take what I want from. There are a lot of idiots on but there is some really good stuff too. Republicans are few and far between where I live, so its good for me to have my views challenged with a different perspective. I don't watch Cramer anymore but I think its stupid to blame him if his picks don't work out. Hey, I lost money trying to follow Zeev on trades that he did great on. I always appreciate/respect it when someone has the balls to post their trades in real time.
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