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nicmar

08/05/11 10:25 PM

#329336 RE: dmiller #329335

I agree. "Circle the wagons, the indians are a comming." The S&P wanted 4 trillion in cuts over 10 years and got a bit over 2 trillion, most of the cuts not going into effect until 2017 and it isn't as if the government wasn't warned.

I don't wish to be a pessimist, but I believe the market will take a hit with some lasting effects. This is going to be a significant event. mo.. nic
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trickledown

08/05/11 10:26 PM

#329337 RE: dmiller #329335

Mr Miller, S&P had been threatening a downgrade for 2 weeks.
I think this will be an interesting sell the news experiment.

I think the pros already assumed this, the amateur sheeples,probably
not.

I think it will be interesting to see who controls the market more.
With all due respect, I don't believe the market will drop much.