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Here we go again...........DOW opens down sharply.....
MSN Money ^ | 08-08-2011 | Staff

Posted on 08/08/2011 6:56:33 AM PDT by Red Badger

Edited on 08/08/2011 4:28:42 PM PDT by Admin Moderator. [history]


(Excerpt) Read more at moneycentral.msn.com ...


TOPICS: Business/Economy
KEYWORDS: bhodjia; dow; downgrade
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To: GonzoGOP
DJI 11,124.16 Down -320.45 -2.80%
61 posted on 08/08/2011 7:45:14 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Lurker

http://www.businessinsider.com/sp-downgrades-fannie-and-freddie-as-stocks-tumble-to-their-lows-of-the-day-2011-8


62 posted on 08/08/2011 7:45:32 AM PDT by John W (Natural-born US citizen since 1955)
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To: filbert
"S&P goes full Rogue — downgrades Fannie and Freddie Mac . . ."


63 posted on 08/08/2011 7:46:08 AM PDT by Baynative (If the government was in charge of the desert , we'd soon have a shortage of sand.)
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To: Lurker

Just hit the wires.......


64 posted on 08/08/2011 7:46:12 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: Haiku Guy
When you give ten useless, pointless speeches in two weeks, the “Presidential Address” is somewhat devalued.

Idi Obama's speeches have been downgraded from BS to BS++.

65 posted on 08/08/2011 7:46:12 AM PDT by N. Theknow (Obama and the Dems - The flash mob raiding the Treasury.)
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To: sunmars

http://www.cnbc.com/id/44059528
Freddie / Fannie downgrade - title only


66 posted on 08/08/2011 7:46:20 AM PDT by Nobel_1 (bring on the Patriots!)
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To: Nobel_1

Well the S&P UPGRADED Ohio’s credit outlook...


67 posted on 08/08/2011 7:46:51 AM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: sunmars
-349.55‎ (-3.05%‎)
68 posted on 08/08/2011 7:46:57 AM PDT by Lazamataz (America. Great idea. Couldn't last.)
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To: GonzoGOP
DJI 11,094.76 Down -349.85 -3.06%
69 posted on 08/08/2011 7:47:15 AM PDT by Red Badger ("Treason doth never prosper.... What's the reason? Why if it prosper, none dare call it treason.")
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To: sunmars
RE: F&F Downgrade.
Oh Crap. Look out below. They aren't going to stabilize this mess with a simple press conference. S&P isn't just cutting they have gone into full Lizzie Borden mode.
70 posted on 08/08/2011 7:48:37 AM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: Red Badger

So, do we go below 11K, or is that a threshold the street is unwilling to burst?


71 posted on 08/08/2011 7:49:13 AM PDT by FourPeas ("Maladjusted and wigging out is no way to go through life, son." -hg)
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To: Red Badger

FOXNEWS Alert:

S&P just downgraded Freddie Mac and Fannie Mae.


72 posted on 08/08/2011 7:49:25 AM PDT by TomGuy
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To: GonzoGOP

The administration really got too pushy with the wrong people...

Really, 0bama. Sometimes it is better to shut-up and eat your peas.


73 posted on 08/08/2011 7:50:21 AM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: Baynative
-356.78‎ (-3.12%‎)
74 posted on 08/08/2011 7:50:52 AM PDT by Lazamataz (America. Great idea. Couldn't last.)
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To: Baynative
-356.78‎ (-3.12%‎)
75 posted on 08/08/2011 7:51:00 AM PDT by Lazamataz (America. Great idea. Couldn't last.)
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To: TomGuy

And 10 of 12 Federal Home Loan Banks (FHLBs) and the senior debt issued by the FHLB System to ‘AA+’ from ‘AAA’. Have also lowered the ratings on the senior debt issued by the Federal Farm Credit Banks to ‘AA+’ from ‘AAA’. The ratings on the individual farm member banks are not affected.


76 posted on 08/08/2011 7:51:06 AM PDT by John W (Natural-born US citizen since 1955)
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To: TomGuy

Won’t that have a bigger impact than what they did on Friday?


77 posted on 08/08/2011 7:51:06 AM PDT by EBH (God Humbles Nations, Leaders, and Peoples before He uses them for His Purpose)
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To: Nobel_1

S&P declares war on the USA!


78 posted on 08/08/2011 7:51:13 AM PDT by jpsb
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To: Red Badger
-366.20‎ (-3.20%‎)
79 posted on 08/08/2011 7:51:23 AM PDT by Lazamataz (America. Great idea. Couldn't last.)
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To: Lazamataz

And NPR’s classical music program just finished playing Wagner’s Tannhauser Overture.

Damn, sounds like the BBC during WWII.


80 posted on 08/08/2011 7:52:20 AM PDT by Covenantor ("Men are ruled...by liars who refuse them news, and by fools who cannot govern." Chesterton)
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