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Strategies & Market Trends : Ride the Tiger with CD
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From: heinz448/11/2011 3:49:22 PM
1 Recommendation   of 312924
 
ONSPIRACY THEORIES are one thing I have never been a supporter of


since most are often DISINFORMATION that allows the real schemes to go on unnoticed. They also tend to assign to people knowledge of an omnipotent nature. The Mortgage Crisis was a nightmare, but those that were responsible only look at the immediate rewards. They do not look at the COLLATERAL DAMAGE nor do they have a clue about international global ramifications. It is far more dangerous when you realize there are a lot of people who only look at the immediate objective. They had no idea that rigging the mortgage market would bring down the whole system. Even Goldman Sachs needed to be bailed out and borrowed $5 billion from Buffett. These people see only the money in front of them, not the collateral damage tomorrow. Now we have the VERY SAME mistake once again. The S&P Downgrade was about as stupid as if it were carried out by trained chimp. I believe the S&P Downgrade was a market manipulation no different than when they rated mortgages AAA. They only saw the immediate profit from quick trade. I believe they were too stupid once again to realize they were pulling another foundation stone out of the pyramid we call the Global Financial System. I believe it was irresponsible, dangerous, and has set in motion a meltdown of global confidence that is driving volatility much higher for the second half of the year. CONFIDENCE is collapsing worldwide. So thank you S&P. What you have set in motion cannot now be put back in the bottle. You have now caused people to assume France will lose its AAA and European banks hold the sovereign debt of troubled European nations. So the whole world is coming unglued. Great job!

10sigma.com
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