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To: Giordano Bruno who wrote (412602)12/13/2010 2:01:41 PM
From: Real Man1 Recommendation  Read Replies (1) | Respond to of 436258
 
Moody's will hail it, you'll see. It's called "austerity
measures", which decreases sovereign risk. Sucks to be us.
I'm serious. Moody's is now angry about extending tax
package and unemployment. That's called "stimulus", it's
the opposite of "austerity". So, the anger is justified,
however ridiculous it might be: they will never actually do it.
Once we default on treasuries, they might lower the rating
from AAA to D. Didn't you learn about them from subprime? -vbg-
D is NOT coming, however. Ben will ensure that.

In other news, this Jesse's chart says a bit of careful Spoo
selling may be justified here despite MM's triumphant ride...
Little is known at the moment how strong this selling gonna
be, or if there even is some. A rather MILD SPOO upness today
and a rather big dollar drop.

1.bp.blogspot.com

EOD might prove to be different, as usual...