Blogs > City Editor's Blog

By Jeremy Schiffres, Daily and Sunday Freeman, Kingston, N.Y.

Monday, August 8, 2011

Stock market silliness

Let me see if I have this right:

Investors dumped stocks today (to the tune of a 634-point drop in the Dow Jones industrial average) because Standard & Poor's lowered the nation's long-term debt rating.

And what did these same investors buy with the money they moved out of the stock market? U.S. Treasury notes.

In other words, investors who are in panic mode because they don't trust the financial health of the United States are "protecting" their money by investing in ... THE UNITED STATES!

Yeah, that makes sense.

Labels:

1 Comments:

Blogger Lou said...

yep, moved it to more secure. just goes to show , we are still number one. and we will still pay those investors who moved money from stocks to Treasury notes that they still believe the United States will protect and pay and as of today will. And all those 401's suffered this week

Make sense to me?, no. Sounds like an oxymoron to me as to those investors are concerned.

August 8, 2011 at 6:13 PM 

Post a Comment

Subscribe to Post Comments [Atom]

<< Home