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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
traderhub
42 posts
Posted by traderhub > 2011-08-10 14:58 | Report Abuse
S&P has downgraded US debt, this has created panic in the markets. But the question is should we take S&P seriously when these credit rating agencies have proved that their understanding about economies is indeed poor.
Remember, it was the same S&P that gave AAA rating to mortgage backed securities in 2005-2007 and we all know what happened after that. So I guess one should take this and apply own judgement in the current situation. After all, Apple and Google have been making record earnings in the recent quarters.