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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (40867)	8/7/2011 5:18:16 PM
From: ggersh	1 Recommendation Read Replies (2) \| Respond to of 71479

All is well, no maybe not yes it is, no maybe not. reuters.com

To: Real Man who wrote (40867)	8/7/2011 5:39:21 PM
From: John	2 Recommendations Respond to of 71479

Crash or rally come Monday? In a normal world, a severe crash should and would occur, but I can see it resolving in either direction here in La-La Land. The crash arguments are obvious... - The downgrade of the United States' sovereign credit rating represents the fact that at least some shit has hit the fan - The corresponding negative outlooks portend of an increasing possibility of additional downgrades in the future - all economic fundamentals, legitimately appraised, are way beyond terrible and growing worse - the rally in the U.S. equity markets since the March 2009 crash has been completely artificial and driven purely by government and central bank intervention coupled with fabricated government reports and fraudulent accounting methodologies The rally arguments are the typical sanguine nonsense that often seems to matter in La-La Land... - two of the three recognized credit rating agencies still have the nation's sovereign credit rating at AAA (or the equivalent thereof) - the rating methodology employed by S&Ps is viewed as questionable and flawed, considering their alleged two trillion dollar accounting error during Friday's reported exchange with U.S. treasury officials [1] - the worst is already factored in following last week's broad and significant sell off All of that said, I think the U.S. equity markets will sell off tomorrow, but it probably won't be as bad as feared, BWTFDIK. Perhaps the intra-day volatility will be the biggest story tomorrow. -ng- 1. classic.cnbc.com