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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 686.96-0.1%Dec 30 4:00 PM EST

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To: ggersh who wrote (2124)4/7/2010 11:42:06 AM
From: Real Man  Read Replies (1) of 220890
 
We and UK are just printing a lot, while Europe is not. Thus,
some countries there have to do austerity measures and their
default ratings deteriorate. California is not in a better
shape than Greece, but the market does not care, since the
Fed can and will print. Something is definitely not
right with this picture, but I guess that's for another time.
Actually, UK has to do austerity measures too, and they
are worse off than us.

Yes, it will blow, but only when the market starts to care.
FWIW, this may take years, since you never know when. Japan
never blew up, even though it was downgraded and probably
should have. 10-year there hovers at 2% without AAA country
rating. -g-
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