No wonder the average retailer is running away from the market and into TBills (despite what the S&P thinks). This whole week has been more about computers running wild than anything, and it needs to be addressed. High frequency trading needs to be reigned in. [more]
This is an agency that gave subprime mortgage crap triple A status. What now, because they downgrade people will no longer buy US bonds? US bonds are in no jeopardy of defaulting for one simple reason, it is called the printing press. Personally I think it remarkable that anyone even cares what these rating agencies think.
I did. I added several stocks to my portfolio. [more]