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Good Idiot - Bad Idiot: Moody's Maintains Top US Rating, Outlook Positive

Tyler Durden's picture


Following the bad idiot move by the S&P earlier, here comes the good idiot. Per Moody's: "Moody's Maintain Top US Rating, Outlook Positive." In other news, Mark Zandi is violently and uncontrollably dry heaving in a corner somewher, wondering why, oh why, is it so difficult to get Tim Geithner's job.


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Mon, 04/18/2011 - 10:27 | 1180262 Drag Racer
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I don't care who ya are, that shits just funny right there.

Mon, 04/18/2011 - 10:26 | 1180264 Cole Younger
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Mon, 04/18/2011 - 11:10 | 1180468 66Sexy
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We're seeing this more and more. Systemic 'good cop bad cop'. JP Morgan vs Goldman on commodities; Moody's vs SP. One thing we do know, all parties know the information before it is announced to the public.

God forbid every financial institution should be bullish. That would imply the markets are.. illegitimate! 

Mon, 04/18/2011 - 13:58 | 1181127 redpill
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Don't forget the dueling Fed governor statements

Mon, 04/18/2011 - 16:13 | 1181639 willien1derland
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Good point...information before it is announced to the Public? - that is heresy </Sarcasm off> - insider...ohhh wait on the TIP of my tongue...insider trading? Damn What would Martha Stewart do?

Mon, 04/18/2011 - 10:26 | 1180265 silvertrain
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And Moody's made a statement of support in a split second..And to think this whole casino is only standing upright due to perception..

Mon, 04/18/2011 - 10:28 | 1180275 carbonmutant
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Sounds like an Excellent Adventure...LOL

Mon, 04/18/2011 - 10:34 | 1180309 Herne the Hunter
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I've never heard so many air guitars play at once

Mon, 04/18/2011 - 10:48 | 1180367 baby_BLYTHE
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all I hear is the sound of sucking...

Mon, 04/18/2011 - 10:28 | 1180276 oogs66
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Buffet owns Moody's. 'Nuf said.

Mon, 04/18/2011 - 10:28 | 1180277 bob_dabolina
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They voted for it before they voted against it

I've seen this before.

Mon, 04/18/2011 - 10:28 | 1180279 silvertrain
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Steve Liesman is also scrambling for something positive on cue..I think I could have emailed him myself with a positive outlook and it would have went straight to air...

Mon, 04/18/2011 - 10:33 | 1180293 treemagnet
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actually becky and the girls have to jump start the boys with a little peek, sort of like re-booting.

Mon, 04/18/2011 - 10:39 | 1180294 Gimp
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More cow bells

Mon, 04/18/2011 - 10:28 | 1180280 gordengeko
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"Zandi uses old-style Keynesian models in the spirit of Nobel Prize winner Lawrence Klein."


Enough said.

Mon, 04/18/2011 - 12:45 | 1180854 malek
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I was just like "Zerohedge has a wiki?" Nope. (And that's OK.)

Mon, 04/18/2011 - 13:33 | 1181033 gordengeko
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Didn't think of I should post the source next time.

Mon, 04/18/2011 - 10:30 | 1180284 carbonmutant
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Ratings don't matter, BTFD ...LOL

Mon, 04/18/2011 - 10:33 | 1180286 silvertrain
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This should however be a mma type of battle today to get this market green to discredit s&p...

Mon, 04/18/2011 - 10:33 | 1180287 Cognitive Dissonance
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Either Moody's sees nothing but sunny skies ahead or it doesn't wish to bite the hand that can crush it.

Mon, 04/18/2011 - 10:45 | 1180349 oogs66
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They checked and buffet is long so would violate berkshire's help the insider trading rules

Mon, 04/18/2011 - 10:33 | 1180288 gordengeko
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Mon, 04/18/2011 - 10:31 | 1180291 Hondo
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Moody's has absolutely no credibility at rating anything.  They were up to their eyeballs in the WorldCom fiasco (even to the point of having someone on the board), the Sub-Prime fiasco and every other corrupt thing you can think of.  The agency is nothing more than a Ponzi enabler to be bought by the Ponzi merchants.

Mon, 04/18/2011 - 10:33 | 1180304 Gimp
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Agree - Moody's and their talking hand Zandi have absolutely no credibility

Mon, 04/18/2011 - 10:36 | 1180312 VFR
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gold traders believe them. 

Mon, 04/18/2011 - 10:31 | 1180292 americanspirit
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It's all so heartwarming - this faith in the good old USA. Of course we're going to be allright, after all, in God we trust. Yea, though I walk through the valley of the shadow of death, etc, etc.

It's like walking down the main drag of the state fair, with all the carnies shilling their show. Let's see, shall we go look at something gross like the 500 # bearded lady, something ludicrous like the machine that turns monkey shit into gold, or maybe something really interesting and reptilian with two heads. So many choices!

Mon, 04/18/2011 - 10:34 | 1180295 A_MacLaren
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Kinda tells you who can do math, and who's pwned

Mon, 04/18/2011 - 10:34 | 1180296 Skeptical_10016
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do you think Geithner / Obama et al will use the market selling off on a negative outlook to their advantage to strongarm the GOP into raising the debt ceiling?  hmmmm.........seems like Timmy was trading on insider info yesterday by going public with his concerns.......

Mon, 04/18/2011 - 10:38 | 1180329 Dr. Engali
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I firmly believe that is what it's about.

Mon, 04/18/2011 - 10:32 | 1180300 6 String
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The Ponzi masters are getting desperate. Look at the trading today. They are hanging by a thread. I can't wait until QE ends. This is going to be a fucking blast.

Mon, 04/18/2011 - 10:35 | 1180319 Gimp
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  QE ain't going to end until it all collapses  next year as planned. US dollar will be dead and some global BS currency will be forced on us all...

Mon, 04/18/2011 - 10:33 | 1180305 uno
uno's picture

cannot let gold and silver close positive at any cost today.

Mon, 04/18/2011 - 10:45 | 1180357 6 String
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completely, uno. It's why the despots are hanging by a thread. This is nothing but a complete hammer down by JP Morgan. In fact, the way P.M.'s are trading today I don't need to see the other side of JP Morgan's book. JP Morgan is, in fact, the fucktards holding and putting on the shorts on the P.M.s.

Today's trading bullshit is complete proof of their internvestions and fear of a fiat collapse. Jamie and Blythe are yelling down to their traders, "if you want your fucking jobs you will take down the P.M.s today, and you better get those subsidiary HFT's rolling the market up. We can't have this shit boyz."

Yeah, whatever, Fuck You JP Morgan Chase. You're going down.


Mon, 04/18/2011 - 10:59 | 1180415 uno
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also the DXY has to be positive and I expect the Dow and S&P close up, gotta control the headlines

Mon, 04/18/2011 - 10:33 | 1180306 Skeptical_10016
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and yah, according to the "republican" non-partisan economist Mark Zandi, who claimed my initial stimulus would have created or saved 10,000,000,000 jobs, per his / Romer's model, thinks the US is fine........

Mon, 04/18/2011 - 10:34 | 1180310 lsbumblebee
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Dollar up on this news:

"BRICS Make Move to Shove Dollar Aside"

Gold down on this news:

"S&P cuts U.S. outlook to negative on fiscal worry"

Mon, 04/18/2011 - 10:46 | 1180365 Hephasteus
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Ya that bric business caught my eye the other night.

I can hear geihtner on the phone talking to india.

"Is this beause of those chinese students laughing at us?"

"This is becuase we sent hilary over there isn't it?"

"Hey I know intel owes your exchequers quite a bit of money for the laundering paper computers thing. I'm good for it man. I'll get it to you next month."

Mon, 04/18/2011 - 11:02 | 1180431 lsbumblebee
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"Mr. Tim you have good phone voice. You need job some day. Maybe exile. Come see me."

Mon, 04/18/2011 - 10:36 | 1180311 Everybodys All ...
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and that's why Buffet can front run all day long.

Mon, 04/18/2011 - 10:36 | 1180313 Troy Ounce
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Prostitute Moody got paid last night by the Gov; that's the difference.

Mon, 04/18/2011 - 10:37 | 1180316 Thunder_Downunder
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Ahh the ol 1-2 sucker punch. It's a tired script, but everyone loves the classics...

Mon, 04/18/2011 - 10:38 | 1180320 Sutton
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"I don't give a crap  about S&P's ratings, I'm going to continue to buy 80% of issuance"


Benjamin S Bernanke

Mon, 04/18/2011 - 10:54 | 1180399 aheady
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- Busta Bernank

Mon, 04/18/2011 - 10:38 | 1180322 ISEEIT
ISEEIT's picture

What a wonderful morning of watching the 'free-market' play ping-pong. This shit is so transparent at this point. These fucking globalist are either brilliant (unlikely) or terrified (likely).

T.B.T.F untill it does.

Mon, 04/18/2011 - 10:40 | 1180331 ivana
ivana's picture

Just a bankster utilities PR , spins and delaying - food for corrupted MSM.
Like S&P and Moodys are independant and other crap bs. Moodys will announce it few weeks/months later depending on developments on banster empire periphery.
Of course, periphery must always look much uglier than (corrupted) core

Mon, 04/18/2011 - 10:47 | 1180346 MarketFox
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Why is Moodys or SP still around ....


Most of the principals should have already been put in jail....

Oh....justice in the US is just for the small fry....


The big too big to jail top job suppliers are A OK....


America....the home of the Ivy League connected....


Police policing the police.....





Mon, 04/18/2011 - 10:46 | 1180368 Spastica Rex
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Not until all the boots come home.

Mon, 04/18/2011 - 10:45 | 1180348 joetunn
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"Moody's Maintain Top US Rating, Outlook Positive."


outlook positive.......?

Mon, 04/18/2011 - 10:59 | 1180426 uno
uno's picture

that's what I thought, upgrade to AAAA++++, Bagdad Bob press release

Mon, 04/18/2011 - 11:00 | 1180434 Dick Darlington
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Maybe Moody's gained an access to the discount window and are high on the cheap fiat provided by the chair creature. Who knows, these are strange times... =D

Mon, 04/18/2011 - 10:45 | 1180351 Herne the Hunter
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It's quantum physics, bi@ches!

Mon, 04/18/2011 - 10:53 | 1180391 carbonmutant
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Sounds like someone collapsed the wave function at the S&P...

Mon, 04/18/2011 - 10:47 | 1180356 mynhair
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Moody's and S&P

It takes two to tanko.

Mon, 04/18/2011 - 10:51 | 1180377 tellsometruth
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tis a concise title

Mon, 04/18/2011 - 11:06 | 1180456 Racer
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As for the Fed idiots and the government being able to sort this mess out... they couldn't stop a charging snail!

Mon, 04/18/2011 - 11:13 | 1180485 ASavageTrader
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This is not the rating you are looking for

Mon, 04/18/2011 - 11:14 | 1180489 Sophist Economicus
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EXCELLENT HEADLINE!   Almost made me pee-pee in my pants!   Way to go TD

Mon, 04/18/2011 - 11:17 | 1180502 TexDenim
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Moody's is a follower, not a leader. Last of all is Fitch -- totally useless.

Mon, 04/18/2011 - 11:32 | 1180553 lolmao500
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Seriously... is there ANY WAY to shut down/bankrupt Moodys and SP? Those unelected scumbags have way too much power on all our lives.

Mon, 04/18/2011 - 11:40 | 1180600 AldoHux_IV
AldoHux_IV's picture

Good idiot/bad idiot-- sounds like wall street and the ratings agencies are getting the cues from our democrats and republicans-- it's all one shit show of good idiot and bad idiot-- the only ones not united in this country are the peasantry and slaves who continue to be distracted and taking what the slave masters are telling them to do.  Taking away liberties one idiot at a time.

Mon, 04/18/2011 - 11:40 | 1180605 TexDenim
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That's a good point lolmao.  Who in his right mind expects guys like S&P or Moody's to do their due diligence for them?

Those clowns may have served a purpose in the days when newspapers were the quickest route for news dissemination, but today? Give me a break. Those guys are parasites. Shut them down!


Mon, 04/18/2011 - 11:51 | 1180661 Astute Investor
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Per Moody's: "Moody's Maintain Top US Rating, Outlook Positive."

I would assume the outlook from Moody's should be "stable" unless they intend to upgrade the U.S. to AAAA in the near future.  Given the general quality of their credit analysis, I wouldn't put it past them....

Mon, 04/18/2011 - 12:47 | 1180862 malek
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My thoughts exactly :-)
Maybe TD pulling our leg...

Mon, 04/18/2011 - 12:19 | 1180740 Double down
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The only one with credibility is ZH

Issue currency will ya 

Mon, 04/18/2011 - 16:12 | 1181626 willien1derland
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Mon, 04/18/2011 - 13:49 | 1181106 Grand Supercycle
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'COPPER has ignored the recent equity bounce. Daily and weekly are not bullish' ~ March 31, 2011.

'When the sell off does occur, it won’t be pretty. As mentioned earlier, this market behaviour is similar to 2007 / 2008' ~ April 6, 2011.

'DOW/S&P500 is tracking sideways once again suggesting that short covering rally has lost momentum' ~ April 7, 2011.

Mon, 04/18/2011 - 16:08 | 1181623 willien1derland
willien1derland's picture

My company subscribes to Zandi's service (Should be Moony rather than Moody) - his team's forecasts are overly optimistic & irrational - if he wants Geithner's job he should do it the old fashion way - bribe people, but, for God's sakes their forecasts are F*CKING useless - total waste of $$$$$ - however, perhaps he is offering no value for subscribers because he wants to add as much value as Geithner does to the REAL ECONOMY - Remember when Moody's was compelled to testify before Congress after the 2008 debacle they were very clear that it was only their opinion - and you KNOW what they say about OPINIONS - and Zandi & Moody's is worthless 

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