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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...
please read my full Disclaimer at this link.

Dots

...If the dots don't connect, gather more dots until they do...

TGIF

TGIF

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Friday, December 28, 2012

I Smell Another Credit Rating Downgrade Coming Soon...

With both parties in disagreement on reaching a comprehensive "Fiscal Cliff" deal that aggressively reduces government spending and raises taxes, and with the "Debt Ceiling Limit" about to be breached (and probably inflated to unimaginable, out-of-control levels), I smell another U.S. credit rating downgrade coming soon...possibly to ring in the New Year.

I think "government inaction/complacency/impotency with power turned over to the Central Bank" would best describe 2012...for most countries of the world.

Who's in charge?