U.S. DOWNGRADE: What were people buying...U.S. Treasurys!

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I just had to throw in a line about the day after U.S. creditworthiness was downgraded by Standard & Poor.

Yes, the stock market tanked because people were selling their stocks but what were they buying: U.S. BONDS, the safest financial instruments you can get in the world even though downgraded to AA+.

Watch Standard & Poor the company. Like I said in my last blog, there is method to their madness and its all about self-interest and survival.

Related articles

• Why S.&P.'s Ratings are Substandard and Porous (fivethirtyeight.blogs.nytimes.com)
• Jeff Reeves: Don't Panic: The U.S. Credit Downgrade Changes Nothing (huffingtonpost.com)
• Amid Criticism on Downgrade, S.&P. Fires Back - NYTimes.com (policyabcs.wordpress.com)
• Treasury market improves initially after downgrade? (hotair.com)
• Summary Box: Stocks plunge after US downgrade (seattletimes.nwsource.com)
• Treasury prices jump as stocks plummet (seattletimes.nwsource.com)