I love it. But here’s the real question. When S&P downgraded the US from AAA to AA+, why did the big investors suddenly start buying US Treasury Bonds? Aren’t those the ones that just got downgraded? And this is a “flight to safety”? Looks like I’ll have to read that book on “The Madness of Crowds” after all. Because the stock marketeers are suddenly starting to resemble a bunch of rabid lemmings.
I love it. But here’s the real question. When S&P downgraded the US from AAA to AA+, why did the big investors suddenly start buying US Treasury Bonds? Aren’t those the ones that just got downgraded? And this is a “flight to safety”? Looks like I’ll have to read that book on “The Madness of Crowds” after all. Because the stock marketeers are suddenly starting to resemble a bunch of rabid lemmings.