Tag Archives: S&P

S&P Downgrades Berkshire From AA+ To AA, Outlook Negative

Posted on May 16, 2013 by DRenegade

Obviously with Buffett a major shareholder of Moody’s, the only place where a downgrade of Berkshire could come from was S&P. Moments ago, the rating agency that dared to downgrade the US for which it is being targeted by Eric … Continue reading →

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S&P may have just killed the European sovereign market

Posted on January 13, 2012 by DRenegade

Stick a fork in it, the eurozone as we know it is done S&P may have just killed the European sovereign market by saying out loud what only “fringe bloggers” dared suggest in the past Here are the key take … Continue reading →

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This Won’t Be Pretty on Monday Morning

Posted on January 13, 2012 by DRenegade

Will this be the last straw to decouple gold from the stock market? Unless some very strong measures are finalized over the weekend, next week’s financial markets may become a bloodbath. David DeGerolamo S&P Cuts Credit Ratings for Nine Euro … Continue reading →

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Don’t Know Who to Believe? Buy Gold

Posted on January 3, 2012 by DRenegade

Stocks in 2012: Up, up, but not away The stock market’s stomach-churning roller coaster will keep running, but unlike last year’s flat finish, Wall Street experts anticipate stocks will end 2012 on a high note. Investment strategists and money managers … Continue reading →

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There Goes the Euro

Posted on October 14, 2011 by DRenegade

On Thursday, Fitch downgraded the creditworthiness of UK banks Lloyds and RBS, and also Switzerland’s UBS. As the banks start to fail in the European Union and the credit rating downgrades negatively impacts the ability to turn around their collective economies, the … Continue reading →

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U.S. Stock Futures Extend Losses After Italy Cut

Posted on September 19, 2011 by DRenegade

S&P Downgrades Italy; Euro, Futures Tumble The negative outlook reflects Standard & Poor’s view of risks to the Italian government’s fiscal targets over 2011-2014, as well as the uncertainties on the timely implementation of growth-enhancing reforms. In our view, these … Continue reading →

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Italy Downgraded by Standard & Poor’s

Posted on September 19, 2011 by DRenegade

While the media has focused the world’s attention on the economic collapse of Greece, Standard & Poor’s has downgraded Italy’s credit rating. If Italy falls, the exposure to France’s banking institutions will affect the entire European Union. David DeGerolamo Italian downgrade … Continue reading →

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