Re: Our financial system is crumbling this week.
Posted: August 5 11, 8:47 am
DJIA is up 31 points so far today. RECOVERY!
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Did you miss that red means down?heyzeus wrote:DJIA is up 31 points so far today. RECOVERY!
The Dow was up earlier today and is down now. So it goes.vinsanity wrote:Did you miss that red means down?heyzeus wrote:DJIA is up 31 points so far today. RECOVERY!
Back up. THought it was funny it opened up 50 or 60, then started sliding and when I saw the Time of yours I double checked and saw we were down like 60.heyzeus wrote:The Dow was up earlier today and is down now. So it goes.vinsanity wrote:Did you miss that red means down?heyzeus wrote:DJIA is up 31 points so far today. RECOVERY!
Geez. It's like Wall Street traders are clicking in and out of the GRB Babe thread.vinsanity wrote:Back up. THought it was funny it opened up 50 or 60, then started sliding and when I saw the Time of yours I double checked and saw we were down like 60.heyzeus wrote:The Dow was up earlier today and is down now. So it goes.vinsanity wrote:Did you miss that red means down?heyzeus wrote:DJIA is up 31 points so far today. RECOVERY!
S&P officials notified the Treasury Department early Friday afternoon it was planning to downgrade the debt, a government official said, and the firm presented its report to the White House. S&P has previously warned such a downgrade might come if Washington didn't move to comprehensively tackle its long-term fiscal woes.
After two hours of analysis, Treasury officials discovered that S&P officials had miscalculated future deficit projections by close to $2 trillion. It immediately notified the company of the mistakes.
S&P officials later called administration officials back to say they agreed about the mistakes, though they didn't say whether it would affect the rating. White House officials remained waiting Friday evening to see what the company would do.