The I was dumb enough to look at my investments today support thread - Page 3

08-08-2011, 09:58 PM

My father is a financial advisor in downtown Dallas. From what he is saying is that the media is hyping this up too much and that he had a conference call with JP Morgan this morning over how the market is actually up over the past two years. I am trying to find the credit ratings chart he showed me but essentially the media is only showing the first two ratings and by looking at the whole chart you can see that USA is still highly ranked compared to the majority of the rest of the world. AA still means very strong capacity to meet debts I believe whereas AAA means extremely strong. I need to get the charts and everything (if I am allowed to take pictures I will) but essentially the media is putting the scare on many Americans, particularly the elderly, and they are pulling out their money.

Devanmc · 08-09-2011, 01:07 AM

im just a college kid just starting to slightly understand the markets. but uhhhh what happened earlier today?

the entire world markets go down becuase of the US credit down grade but 10 year treasury bonds go up? this doesnt make any sense.

MikeyC · 08-09-2011, 07:21 AM

Quote:

Originally Posted by Devanmc

im just a college kid just starting to slightly understand the markets. but uhhhh what happened earlier today?

the entire world markets go down becuase of the US credit down grade but 10 year treasury bonds go up? this doesnt make any sense.

Ironically, most of the people who were selling off their stocks (which caused the huge point drop) then turned around and put their money in treasuries.

hammondc · 08-09-2011, 07:28 AM

Nikkei dropped below 9000 today (i think it closed just over 9k). It looks like another shitty day on the US market.

wayner123 · 08-09-2011, 08:54 AM

LOL, I am always reminded of this episode when I see the stock market being talked about. Especially in the short term.

http://www.youtube.com/watch?v=g6xkxzjOW5M

AD720 · 08-10-2011, 11:38 AM

http://brokershandsontheirfacesblog.tumblr.com/

08-08-2011, 09:58 PM	#41
Tyler Guest Posts: n/a	Re: The I was dumb enough to look at my investments today support thre My father is a financial advisor in downtown Dallas. From what he is saying is that the media is hyping this up too much and that he had a conference call with JP Morgan this morning over how the market is actually up over the past two years. I am trying to find the credit ratings chart he showed me but essentially the media is only showing the first two ratings and by looking at the whole chart you can see that USA is still highly ranked compared to the majority of the rest of the world. AA still means very strong capacity to meet debts I believe whereas AAA means extremely strong. I need to get the charts and everything (if I am allowed to take pictures I will) but essentially the media is putting the scare on many Americans, particularly the elderly, and they are pulling out their money.

08-09-2011, 01:07 AM	#42
Devanmc Have My Own Room Join Date: Sep 2010 First Name: Devan Location: The Zoo Posts: 1,971 Trading: (40)	Re: The I was dumb enough to look at my investments today support thre im just a college kid just starting to slightly understand the markets. but uhhhh what happened earlier today? the entire world markets go down becuase of the US credit down grade but 10 year treasury bonds go up? this doesnt make any sense. __________________ I spent a lot of my money on booze, cigars, birds and fast cars, the rest I just squandered. -George Best

08-09-2011, 07:28 AM	#44
hammondc Moar Padrons! Join Date: Aug 2010 First Name: Chip Location: Senoia, GA Posts: 2,625 Trading: (17)	Re: The I was dumb enough to look at my investments today support thre Nikkei dropped below 9000 today (i think it closed just over 9k). It looks like another shitty day on the US market.

08-09-2011, 08:54 AM	#45
wayner123 Country Gentleman Join Date: Oct 2008 Location: Deltona, FL Posts: 2,351 Trading: (159)	Re: The I was dumb enough to look at my investments today support thre LOL, I am always reminded of this episode when I see the stock market being talked about. Especially in the short term. http://www.youtube.com/watch?v=g6xkxzjOW5M __________________ 'It is an honor for a man to keep aloof from strife; But every fool will be quarrelling.'

08-10-2011, 11:38 AM	#46
AD720 I'm nuts for the place Join Date: Oct 2008 First Name: Andrew Location: The City of BOTL-erly Love Posts: 2,684 Trading: (73)	Re: The I was dumb enough to look at my investments today support thre http://brokershandsontheirfacesblog.tumblr.com/ __________________