...Weiss Chimes In: Verdict - C Minus

Tyler Durden's picture

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snowball777's picture

Somebody's gonna have to go to summer school.

Ahmeexnal's picture

Downgraded by an outlet outta Jupiter.

You know TSHTF when you get downgraded from outta Ur-anus.

ceilidh_trail's picture

Don't sell weiss short- they are actually excellent from what I've seen of their work over the past years. They don't have the cachet of JPM, MS, or GS, but they have been very prescient in their ratings on banks.

Misstrial's picture

Agree, Weiss is good! And here is a link to the best bank/CU rating tool, imo:

http://banktracker.investigativereportingworkshop.org/banks

~Misstrial

 

JeffB's picture

They were the only rating agency that caught the problems of one of the major insurance carriers that went down. The others had them at AAA and were caught with their pants down.

 

bozzy's picture

Top humour! But Weiss do not employ fools....

Herd Redirection Committee's picture

The Bernank?  Obongo?

Couldn't they just get Gideon Gono to come over and take control of the presses for a few days, to give The Bernank a well-deserved vacation?

 

pupton's picture

He "Junked" the US.

Sutton's picture

My rating agency gives the US an F-.

Seasmoke's picture

thats still a better grade than Obama got in college

TheTmfreak's picture

You don't know that because he won't release his transcripts.

papaswamp's picture

Ah, finally a rating agency with brass balls (or ovaries).

virgilcaine's picture

So far and orderly stampede out of treasuries. Whats weird is the TLT chart is in a uptrend.. strange days indeed.  Even Martin paid the price for shorting them via TBT. -60%

pupton's picture

TBT will be a bad bet until suddenly it's not.  Sooner or later rates will go up, or TSHTF all at once and anything short paper wins. 

the not so mighty maximiza's picture

How can they do this, we have the best national leadership in the universe

Sudden Debt's picture

C.... like the third letter in the alphabet?

Like you went from A to C on a scale from A to Z?

 

Or is it from A to F?

but... but....

WHAT ABOUT THE "NO CHILD LEFT BEHIND" PROGRAMM?!

 

Rainman's picture

but..but the Great Windbag just got done saying we are not Greece !!

wandstrasse's picture

According to what I read recently, only Argentina is not Greece.

Whatta's picture

Is Weiss relevant to anyone...other than their mothers, I mean.

Their rating isn't going to affect bond yields?

slaughterer's picture

A gentleman's C- is too generous.  But does what Weiss says really matter?

Bindar Dundat's picture

It took decades for Moodies and S&P to build a reputation.  They are thinking long term and will be a real ratings agency within five years.  So stick it up you AXX aXXhole.

r101958's picture

It is, at least, one rating that is truthful.

virgilcaine's picture

The Bond mkt will compress 20 yrs of Losses in a months time.  Like a pressure cooker, as of now it's not too 'concerned'.  its like sitting waiting for the Volcano to erupt.. could take a month or a year or two or remain dormant.

chancee's picture

Here is how I see it playing out:  This whole debt ceiling mess will be what pushes below the 200 DMA, finally getting us moving on a panic correction that moves us down about 10-15% in the S & P, clearing the way for QE3 announcement by early September.

RobotTrader's picture

Meanwhile, the 5-yr. yield stays pinned at 45-year lows.

Wow, I'm amazed how people are still piling into bonds despite one of the greatest stock market rallies ever.

Boston's picture

Instead of piling in now, some of us are looking for the right time to exit our long positions.

It's been an amazing 6 month ride.  But, unless we get a major Risk Off episode soon, this trade is getting long in the tooth.

DosZap's picture

Boston,

Smart move.

Confusion say;

"Better out a year early, than a day late".

downrodeo's picture

Robo,

don't take this the wrong way, but I'd wager that the things that amaze you could fill a big ass book :)

Ying-Yang's picture

TSA bond ratings... Don't touch my Junk

walküre's picture

Weiss is a scammer. Beware.

Caveman93's picture

Oh shit, here comes another letter from Barney Frwank. Weiss better brace themselves!

shushup's picture

I guess Weiss holds no sway with the machines.

FlyPaper's picture

Nothing new here.  

RobotTrader's picture

I'm amazed that there is huge fear yet the SPY is  hardly down from 3-year highs.

http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=0&mn=9&dy=0&id=p89856153409

VIX is up 6 days in a row.

Three -1200 TICK readings the last 3 days with a blowout reading of over -1500 yesterday.

8 out of the last 10 days we have had TICK under -1000, on tap to break the records set in May and June of over 14 -1000 TICKs which produced that epic rally a few weeks ago.

http://stockcharts.com/h-sc/ui?s=$TICK&p=D&yr=0&mn=6&dy=0&id=p37322057532

Hard to believe there is this much fear, no public participation in stocks, yet we are still over 1,300 when it feels like we should be at 950 or lower.

 

 

Frozen IcQb's picture

A's, B's, or C's...a least we're in the top three!

thunderchief's picture

These people hate the USA and never rated this country AAA, even when it wasn't,  before the financial crisis.  So how can you trust them now?  A C rating says I Hate America and all it stands for.  Just like my fourth grade report card.  Where is Joe Mc Carthy when we need him.

DosZap's picture

thunderchief,

Where is Joe Mc Carthy when we need him.

Nailed to a wall, when he was DEAD on to begin with.......

Funny how history palys out, huh?.

The very SOB's he was pointing to/out, have taken us to perdition.Yet, still he is villified..............by the same one's that are killing us.

Dr. Porkchop's picture

Uncle Sam, you betta take yo ass down to the welfare!

NuYawkFrankie's picture

My own proprietary/patent-pending Holistic Rating Metrics (based on Presentation, Performance & Future Prosects) give a totally different  reading to that of Weiss - here goes:

PRESENTATION: Beautiful engravings on those T-Bills.. and the artwork on the 30yr gives me that naughty tingly feeling in the nether regions. So, yes - you guessed it, A+ for Presentaion!

PERFORMANCE: Spectacular performance over the last 20-odd years - and although that's no guarantee of future success- and no doubt some of youse here would trade her in for that tarted-up Swissie trollop - I just can't help gettin  hot and sweaty for the old gal!  So, yes, another A+ for Performance!

Future Prospects: I'm bettin that ol' Miss Titty Bond still has a few "tricks" up her petticoats - and I, for one, don't wanna miss out on the action. So yes - another A+.

And I'm giving another '+' for that "double header" she showed me with here step-sister Fannie all those years ago!

 

FINAL RATING: AAAA / A++++ .

Your WelcomBe!

 

 

 

 

PulauHantu29's picture

Mind your own business, Mr Weiss....no one asked you.

LOL.

sbenard's picture

To me, this just confirms what an utter farce the other ratings agency ratings are! The US is insolvent, and they just keep trudging forward as if we aren't! S&P, Fitch, and Moody's are all frauds!

PulauHantu29's picture

"...driven exclusively by the numbers..."

Yes, I was afraid someone would look at those...the numbers...mmmm...what can we do about the numbers.....

Dr. Porkchop's picture

yes.. well you could massage the numbers a little... or slip them a roofy and bend them over the hood of the car...

Camtender's picture

Yes, after 27 years, Martin finally figured out on 9.23.2009 that there was no political will to stop the printing presses within a country with the World's reserve currency in a fiat money system, he was converted from deflation to inflation, thank you Jesus. 

http://www.moneyandmarkets.com/from-deflation-to-inflation-35526

This was at the cost of his customers/investors in the Weiss Research Million-Dollar Contrarian Portfolio.

http://stockgumshoe.com/forum/newsletters/weiss-research-million-dollar-...

 

honestann's picture

My rating for the USSA:  z-