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What the hell was that?

Discussion in 'General Investing Discussion' started by Johny_come_lately, 5th Aug, 2011.

  1. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
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    Posts:
    703
    Location:
    SE Queensland
  2. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    US Downgraded.

    America has lost its AAA credit rating. After Friday's flat day of trading in the States, Standard and Poor has dropped the US to AA with a negitive outlook. This has never happened before. Our PM says Australia's rating will not drop.




    Johny.
     
  3. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    I went out to the supermarket and bought cola, maltesers and popcorn. Tommorow I am going to sleep in, turn my computer on at 10am and watch the monkeyfight happening on the ASX200. Should be worth a laugh.






    Johny, :D
     
  4. Chris C

    Chris C Well-Known Member

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    Posts:
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    Location:
    Brisbane, QLD
    It should be really interesting on Monday, part of me thinks that the market is starting to look really cheap and a 4% fall in Friday makes the index a tempting buy, but at the same time I do wonder what the ramifications the US's AAA rating loss will mean - will many institutional investment funds be forced to liquidate their US bond holdings since the fall in credit rating?

    That said if stocks fall much further I think I might become a buyer...

    :p
     
  5. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    Dubai............-3.69
    Abu Dhabi......-2.53
    Kuwait...........-1.61
    @ 11.30 Israel.-6.07


    Australian markets open in 11 1/2 hours.



    Johny.