Tuesday, April 19, 2011

From Brooklyn to VOSP "tell me something I don't already know"...

After S&P chirped in with a negative outlook the 10 year did what? Increased.
And the dollar did what? Increased, in fact staged it's strongest rally in over 4 months.
Now that the fear has become news and hit the market; the uncertainty has lifted.
Shorts were likely called out.

VOSP = voice of S&P....the little voice of S&P that is.
Brooklyn-ism, well known in the boroughs, but perhaps not as well outside; "tell me something I don't already know."

See Yahoo Finance recap and the NY Times on the "negative outlook" rating here.
And S&P's release here.

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