I'm just repeating this: Black Monday crash certain as S&P downgrades US treasuries
"Clearly the insiders of Wall Street knew exactly what was coming after the close on Friday, so they sold the market down. However, with everybody else kept in the dark the real selling will start on Monday.
How bad will the panic be? Well, it is hard to get over the significance of the US losing its top credit rating. US treasuries are the most widely held financial instrument in the world and the S&P downgrade will force those institutions wedded to triple-A to seek an immediate divorce"
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