Why S&P Should Be Ashamed Of Its Ratings

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		Tech Media Wall Street Markets Strategy Sports Lifestyle Politics Europe Video Latest Thursday, July 28, 2011 Why S&P Should Be Ashamed Of Its Ratings Yesterday we posted what we thought was the #1 reason not to fear a ratings downgrade in the US: The truth is, there just isn't that much other AAA-rated material out there for people to jump into. But this is even better. Over at Stone Street Advisors, @dutch_book posts this great chart from Nomura showing the average impact on 10-year yields from the entire history of sovereign AAA downgrades by S&P. Guess what: Historically yields go lower after such an event. As he puts it: "from the look of things every historical precedent seems to prove that an S&P AAA downgrade is the bell rung for govvie buyers to re-enter the market." Read » Also On Money Game Today: A Fantastic Overview Of Where The Economy And Markets Stand Right Now This Is The Article About The Wenzhou Train Crash The Chinese Government Doesn't Want You To Read How Longer Lifespans Are Changing Everything All Around The World Bankers: Here's 10 Reasons Why You Should Request A Transfer To Shanghai Right Now Advertisement CHART OF THE DAY: People Are Worried Uncle Sam Won't Pay Them CHART OF THE DAY: The Housing Double Dip Gets Even Worse CHART OF THE DAY: Washington, We Have A Revenue Problem Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.careers@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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