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To: Giordano Bruno who wrote (386920)	5/23/2009 12:06:39 PM
From: Real Man	1 Recommendation Respond to of 436258

I think it will be questioned at this point. It already is. Gulp! -g- So, in 2008 US credit rating agencies downgraded a bunch of countries, causing the dollar squeeze. In particular, Russia was downgraded cause it held US MBS. Their stock market dropped 80% on oil drop and the currency dropped 30%. U think they are interested in buying some more US debt, or trust the ratings? They are our #4 foreign creditor, down just a notch behind the EU. What happened now? UK was put on a watch with the same goal as the pound was crashing up, and it REALLY backfired. Bonds dropped, dollar dropped, stocks dropped. Ho, ho, ho... Rates are now too high, and Yo, the T-bond leveraged SHORT ETF, TBT, is a star ETF performer so far this year, outpacing everything else including gold. Need to watch this stuff for a potential Black Swan, a derivative driven T-bond crash similar in SIZE to subprime meltdown. It need not happen, but U'll see Spoos at 200 if it does.