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.