Does S&P's Top-Ticking Incompetence Mean It Is Time To Short Credit?

Tyler Durden's picture

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MeTarzanUjane's picture

Yea sure short anything that moves, except metals, right? RIGHT ALICE?!

I get my trading inspirations from Bloomberg

JohnG's picture

Please read the first bullet point and reconsider if you should post here again.

jeff montanye's picture

thanks.  never read it before.  moves me to mention why i use my real name (perhaps foolishly).  until i retired for the third time, i hope for keeps, i always felt oppressed by employers or employers to be regarding outside expression of opinion.  now, not so much.  it's like skinny dipping, a bit: scary but liberating.

bigredmachine's picture

Lighten up, and Bang Da Hoe, Bitch

johnnymustardseed's picture

Tonight the JP Morgue will beat down the PM's. They think Asia is a market that they can control.... Me thinks the Bloomberg is smoking the hoochie dingus  

emsolý's picture

When of course everyone knows Bang What's-his-name controls Asia, not the JP Morgue...

Sudden Debt's picture

shorting now is still to expensive. Better wait till after 1 jan. when all puts drop a few cents. A week won't matter.

On the other hand, I'm shorting nothing!

I'm going to liquidate my last shares and options and warrants before Friday and keep the cash.

This whole trading thing these last few years have almost given me a ulcer! I'm going to quit it for about 6 months.

PigsOnTheWing's picture

This would all make so much more sense if S&P and Moody's were US government agencies headed by Mike Brown.

hugovanderbubble's picture

Very interesting asset idea, thx for sharing

gwar5's picture

The rating agencies are run by Bernie Madoff relatives

RunningMan's picture

Would be interesting to see this chart going even further back, and against the S&P index. I always got the impression that ratings always went up, although on further reflection, the ratings just usually sit at (unrealistically) high levels, relative to true risk. Thus, the weighting of action to downgrade, versus upgrade. 

One thing this does tell us is that the ratings agencies are declaring this crisis over by and large, if the comparison to the last technical recession plays out in a similar fashion.

M.B. Drapier's picture

So does this mean that the Irish economy and banks are about to rocket back? I'm guessing 'no'.

PD Quig's picture

Maybe S&P and Moody's think that we think that they think that we think that they think that we think things are getting better. All you need to do is plug this into your model. And then follow the trend, tighten stops, and shut out all the noise that has kept people from making money over the past two years.

"Buy the fucking dip you fucking idiot," gets the award for the best advice since March 9, 2009