Poly, well said, I always find myself nodding with agreement whilst reading your posts.. the rating agencies have become a joke & I've been thinking that for a while now although the market does tend to react to their rubbish albeit a little less as the years go by lol.
Interesting to note also that's 8 days down straight for US markets, first time since Oct 08 , that's telling us something? Remember Oct 08? jeesh Dow posted worst July since 2007.
I like this quote from my mate Carl Quintanilla, "Some say the 10-yr shows there's not much debt fear. They're not looking at record gold, swiss franc/dollar, CDS, stocks down 223 in 3 days"
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