Here we go again...........DOW opens down sharply.....

MSN Money ^ | 08-08-2011 | Staff

[Red Badger]

DJI 11,124.16 Down -320.45 -2.80%

[John W]

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

[Baynative]

"S&P goes full Rogue — downgrades Fannie and Freddie Mac . . ."

[Red Badger]

Just hit the wires.......

[N. Theknow]

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++.

[Nobel_1]

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

[EBH]

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

[Lazamataz]

-349.55‎ (-3.05%‎)

[Red Badger]

DJI 11,094.76 Down -349.85 -3.06%

[GonzoGOP]

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.

[FourPeas]

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

[TomGuy]

FOXNEWS Alert:

S&P just downgraded Freddie Mac and Fannie Mae.

[EBH]

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

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

[Lazamataz]

-356.78‎ (-3.12%‎)

[Lazamataz]

-356.78‎ (-3.12%‎)

[John W]

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.

[EBH]

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

[jpsb]

S&P declares war on the USA!

[Lazamataz]

-366.20‎ (-3.20%‎)

[Covenantor]

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

Damn, sounds like the BBC during WWII.