DOW 15,315.40 0.05%

NASDAQ 3,459.80 -0.10%

S&P 500 1,651.50 -0.23%

VIX 14.37 3.98%
SPX 500 (CFD) 1,651.40 -0.24%

DOW (CFD) 15,315.50 0.05%

NASDAQ 100 2,995.60 -0.12%

EURUSD 1.294 0.70%
UK 6,696.79 -2.10%

GERMANY 8,351.98 -2.10%

FRANCE 3,967.15 -2.07%

SPAIN 8,343.60 -1.40%
H. KONG 22,669.70 -2.54%

JAPAN 14,484.00 -7.32%

KOREA 1,969.19 -1.24%

SHANGHAI 2,275.67 -1.16%
NAT GAS 4.24 1.36%

GOLD 1,391.10 1.73%

SILVER 22.53 0.32%

COPPER 3.30 -2.31%
FRANCE 2YR 0.19 -10.90%

GERMAN 2YR 0.01 600.00%

ITALIAN 2YR 2.18 27.59%

SPAIN 2YR 2.81 8.21%
FRANCE 10YR 1.94 2.16%

GERMAN 10YR 1.44 1.19%

ITALIAN 10YR 4.03 3.02%

SPAIN 10YR 4.29 2.70%
WTI 93.28 -1.06%

BRENT 101.73 -0.85%

WTI/BRENT 8.45

321 CR SPR 21.96 10.04%

US Credit Rating Cut by Egan-Jones … Again

By Woodshedder – Fri Sep 14, 2012 9:15pm – No Comments

Ratings firm Egan-Jones cut its credit rating on the U.S. government to “AA-” from “AA,” citing its opinion that quantitative easing from the Federal Reserve would hurt the U.S. economy and the country’s credit quality.

Read the rest here.

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Recent Comments

Po Pimp (1 hour ago) The next time this dipshit is right about anything will probably be the first time. [...]

Mr. Cain Thaler (6 hours ago) I mean, if you just keep saying "it'll be by the 3Q of this year", eventually you'll be right [...]

CRONKITE (10 days ago) I'll wager on trying to understand, but ignoring for what they believe is the greater good for now. [...]

Mr. Cain Thaler (14 days ago) Ugh, the whole premise of that was since the Fed (themselves) are buying the shit out of bonds, that somehow makes stocks cheaper / safer by [...]

CRONKITE (14 days ago) indeud! We have a right to know... [...]

Po Pimp (15 days ago) E&Y uncovers all this fraud in their survey, but how many financial statements have they refused to sign off on? Inquiring minds want t [...]

CRONKITE (16 days ago) it was a great slide show and it is a wonder we have come this far. perception is everything, but all that downward force will have to rever [...]

drummerboy (17 days ago) great article.this is what i was trying to explain to Bullish,on scott bleirs' thread the other day.this is more of a thorough explanation o [...]

CRONKITE (20 days ago) if u say so.... dare i say we go the other way [...]

Po Pimp (21 days ago) Cool. With the slack asses coming out of school now we will be at 0% unemployment in no time. [...]
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Major US	US Futures	Europe	Asia	Commodities	2yr Euro Yields	10yr Euro Yields	Oil
DOW 15,315.40 0.05% NASDAQ 3,459.80 -0.10% S&P 500 1,651.50 -0.23% VIX 14.37 3.98%	SPX 500 (CFD) 1,651.40 -0.24% DOW (CFD) 15,315.50 0.05% NASDAQ 100 2,995.60 -0.12% EURUSD 1.294 0.70%	UK 6,696.79 -2.10% GERMANY 8,351.98 -2.10% FRANCE 3,967.15 -2.07% SPAIN 8,343.60 -1.40%	H. KONG 22,669.70 -2.54% JAPAN 14,484.00 -7.32% KOREA 1,969.19 -1.24% SHANGHAI 2,275.67 -1.16%	NAT GAS 4.24 1.36% GOLD 1,391.10 1.73% SILVER 22.53 0.32% COPPER 3.30 -2.31%	FRANCE 2YR 0.19 -10.90% GERMAN 2YR 0.01 600.00% ITALIAN 2YR 2.18 27.59% SPAIN 2YR 2.81 8.21%	FRANCE 10YR 1.94 2.16% GERMAN 10YR 1.44 1.19% ITALIAN 10YR 4.03 3.02% SPAIN 10YR 4.29 2.70%	WTI 93.28 -1.06% BRENT 101.73 -0.85% WTI/BRENT 8.45 321 CR SPR 21.96 10.04%