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1,632 Posts.
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08/08/11
09:04
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Accept the USA debt rating downgrading as just admission of reality to those who care to read the S&P statement;
Accept the US Congress avoiding making hard decisions needed to reduce borrowings - all here with borrowings probably understand this;
Considering this partly result of Tea-Party policy idea to defaulting on loans;
Considering the USA economic emotional blanket of AAA rating has been removed;
Considering NZ, Australian, Asian, European markets will be gambling with guess-estimates as to what the US markets will do when eventually they open;
Our markets are likely to fall at open,
Question is: where are our best bargains for profit ?
Equities ?
Options ?
Warrants ?
Derivatives ?
46 minutes till positions needed...