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Subject:  Re: How ironic is it that: Date:  8/9/2011  11:02 AM
Author:  ziggy29 Number:  10513 of 10592

>> The market is telling us it fears a recession. Hence, the safe move is out of equities and into safe bonds. <<

Perhaps, but if investors are determining Treasuries are the "safe haven" then the S&P downgrade (from the folks who brought you all those AAA-rated toxic MBS garbage) wasn't really the reason for the sell-off but was just a convenient excuse for increased jitters.

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