Friday, January 13, 2012

Are They Good or What?

Have you heard the news? S&P is poised to downgrade seven Euro Zone countries (and it's playing havoc with the market this morning)! Wow! Those guys are good! They have such insight, such predictive ability... How could they possibly know, at this juncture, that the Euro Zone has serious problems... And to have the guts to step in and step down credit ratings at a time like this - well, all I can say is, this is a real tribute to their worth... I mean this totally supports their credibility...

Harkens me back to the days of AIG, Lehman, etc... When the agencies had those teetering institutions marked all the way down to the double and triple A's.... Are they good or what?

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