s&p downgrades us credit rating one notch

S&P downgrades US credit rating one notch. Source - http://www.reuters.com/article/2011/08/06/us-usa-debt-downgrade-idUSTRE7746VF20110806?feedType%3DRSS%26feedName%3DpoliticsNews

This is another reason why CXY is the best investment... I have said this before and I'm saying it again.

This means U.S stocks will fall further if not already factored in to last weeks decline.

This is why I stated in my previous posts that investing in Foreign Owned stocks like BHP etc is too risky during a time like this and to stick to Australian Owned stocks.. AND WAS I RIGHT? Yes.

If selling continues it will be Stocks that are Foreign Owned stocks that are listed on the U.S. NYSE 'New York Stock Exchange'. This is exactly the same as what David Koch 'Australia's Most Credible Finance Journalist, Host on Channel 7 Sunrise' stated a few days ago.

He stated buying into Stocks during this time that are Foreign Owned was very risky and said Australian Owned shares are the safest investment because of our World Class Economy.. That is why the U.S. Rating does not affect CXY because we are not Foreign Owned and therefore not listed on the NYSE, so they can sell all they want in the U.S. but they can't sell/buy CXY because we are only listed on the ASX.

Your broker would say the same thing if you have one...

I recommend you read my previous posts so I don't need to keep copy and pasting.

-Tucker