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HomeAugust 8 Market Commentary: America’s Margin Call
Posted by Larry Doyle on August 8th, 2011 7:59 PM |
That was not a lot of fun.
The 6% selloff in the market we witnessed today is obviously tremendously unnerving.
Professional traders and active managers who monitor market moves on a minute by minute basis will have their their own opinions as to what did happen and what will happen.
For those in the audience who appreciate and embrace the true spirit of ‘sense on cents’, while we listen to the spin provided by market mavens, esteemed economists, political pundits, and Washington wizards, let us not lose sight of the real fundamental issues which remain at the core of our American foundation. (more…)
Further Thoughts on S&P’s Downgrade of USA
Posted by Larry Doyle on August 8th, 2011 7:44 AM |
The sun did come up here on the east coast this morning. That is a very good thing. Life does go on.
Our fiscal life goes on as well. In many respects it is little changed but in others it is very much changed and will not soon be restored. As the emotions of many inside and outside of the markets are frayed as a result of S&P’s downgrade of the USA, let us keep our heads and maintain our ‘sense on cents‘ approach.
On that note, what are three questions I see many asking and how would I respond to them? (more…)
